Sanghvi Forging & Engineering Ltd calls for allotment committee meeting on Jan 25, 2016

A Meeting of the Allotment Committee of Board of Directors of Sanghvi Forging & Engineering Ltd will be held on January 25, 2016 to consider the letters received from the Allottees of Warrants issued on preferential basis, exercising their option to convert 10,00,000 Warrants allotted to them on October 28, 2014, into 10,00,000 Equity Shares of Rs.10/- each at a price of Rs.45/- per share (including premium of Rs.35/-) as per terms & conditions of Warrants issued on preferential basis.

Shares of SANGHVI FORGING AND ENGINEERING LTD. was last trading in BSE at Rs.50.8 as compared to the previous close of Rs. 50.25. The total number of shares traded during the day was 9710 in over 45 trades.

The stock hit an intraday high of Rs. 53.95 and intraday low of 50.65. The net turnover during the day was Rs. 506816.

Source : Equity Bulls

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