Nandan Denim Ltd receives 3rd tranche towards convertible warrants

Nandan Denim Ltd has received the third tranche amounting to Rs. 12.50 crore from Polus Global Fund towards the 25,00,000 convertible warrants allotted to them at a conversion price of Rs. 200/- each pursuant to receipt of shareholders approval at the Annual General Meeting of the Company held on September 29, 2015 and subsequent approvals from the stock exchanges.

Shares of Nandan Denim Limited was last trading in BSE at Rs.118 as compared to the previous close of Rs. 119.4. The total number of shares traded during the day was 117763 in over 433 trades.

The stock hit an intraday high of Rs. 120 and intraday low of 115.5. The net turnover during the day was Rs. 13726229.

Source : Equity Bulls

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