Salzer Electronics Ltd approves allotment of 88000 shares

The Sub-Committee of the Board of Salzer Electronics Ltd at its Meeting held on August 26, 2016 approved the allotment of 88,000 Equity Shares of Rs. 10/- each with a premium of Rs. 241.45 per share to the allottees, upon conversion of similar quantum of share warrants issued at price of Rs. 251.45 per warrant under Chapter VII (Preferential Issue) of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009.

Shares of SALZER ELECTRONICS LTD. was last trading in BSE at Rs.204.25 as compared to the previous close of Rs. 211.25. The total number of shares traded during the day was 29463 in over 449 trades.

The stock hit an intraday high of Rs. 213.9 and intraday low of 203.15. The net turnover during the day was Rs. 6084154.

Source : Equity Bulls

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