Prerna Infrabuild Ltd approves allotment of warrants

The Board of Directors of Prerna Infrabuild Ltd at its meeting held on January 21, 2016, have approved the increase in Authorised capital from 80,00,000 Equity shares of Rs. 10.00 each to Rs. 1,30,00,000 Equity shares of Rs. 10.00 each.

The Board approved proposal to issue 50,00,000 Equity Warrants at a price of Rs. 21.00 per warrant or such price as the pricing formula prescribed under the SEBI (ICDR) Regulations for the preferential issue of Equity Warrants, whichever is higher to promoter & non promoter. The promoter will be allotted 5,82,000 Equity Warrants and the Non-Promoter will be allotted 44,18,000 Equity Warrants.

Shares of PRERNA INFRABUILD LTD. was last trading in BSE at Rs.20.8 as compared to the previous close of Rs. 20.4. The total number of shares traded during the day was 2891 in over 27 trades.

The stock hit an intraday high of Rs. 21.5 and intraday low of 18.1. The net turnover during the day was Rs. 55537.

Source : Equity Bulls

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