Sat Industries Ltd allots 4 crore warrants

At the meeting of the Board of Directors of Sat Industries Ltd held on September 17, 2016, the Board of Directors of the Company has approved, and allotted 4,00,00,000 Warrants convertible in to equity shares at a consideration of Rs. 13.50 per warrants in accordance with the Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Requirements) Regulation, 2009 as amended to promoter and others.

Shares of SAT INDUSTRIES LTD. was last trading in BSE at Rs.12.69 as compared to the previous close of Rs. 12.2. The total number of shares traded during the day was 6089 in over 30 trades.

The stock hit an intraday high of Rs. 12.8 and intraday low of 12.2. The net turnover during the day was Rs. 76067.

Source : Equity Bulls

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