Nandan Denim Limited calls for Preferential Allotment Committee Meeting on May 14, 2016

Nandan Denim Ltd have received the entire amount of Rs. 50.00 crore from Polus Global Fund towards the 25,00,000 convertible warrants allotted to them at a conversion price of Rs. 200/- each and accordingly a meeting of the Preferential Allotment Committee of our Company 'Nandan Denim Limited' will be held on May 14, 2016 to allot 25,00,000 equity shares to Polus Global Fund pursuant to exercise of equivalent number of convertible warrants allotted to them.

Shares of Nandan Denim Limited was last trading in BSE at Rs.131.4 as compared to the previous close of Rs. 134.4. The total number of shares traded during the day was 114584 in over 321 trades.

The stock hit an intraday high of Rs. 135 and intraday low of 131.4. The net turnover during the day was Rs. 15256968.

Source : Equity Bulls

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