Action Construction Equipment Ltd to allot 18383000 shares

The Board of Directors of the Company at its meeting held on June 20, 2016, has considered, approved and decided to issue & allot 1,83,83,000 equity Shares of Rs. 2/- each, fully paid-up in place of 1,84,90,500 No of equity shares of Rs. 2/- each in order to comply with the condition that equity shareholding of the members in the Company is increased only up to five percent of the post issue paid up equity share capital in the Company.

Shares of ACTION CONSTRUCTION EQUIPMENT LTD. was last trading in BSE at Rs.40.45 as compared to the previous close of Rs. 40.95. The total number of shares traded during the day was 15745 in over 141 trades.

The stock hit an intraday high of Rs. 41 and intraday low of 40.2. The net turnover during the day was Rs. 637887.

Source : Equity Bulls

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