Alphageo India Ltd approves allotment of 250000 shares

The Nomination and Remuneration Committee of Board of Directors of Alphageo (India) Ltd at its meeting held on October 13, 2016, having authority conferred by the Board, has, accorded its approval for issue and allotment of 2,50,000 Equity Shares of Rs. 10/- each of the Company at a premium of Rs. 503.62p to the Warrants Holders on exercising the option for conversion of 2,50,000 warrants issued at a price of Rs 513.62p in compliance with the terms of the issue.

The aforementioned Equity Shares shall be under lock in in terms of the provisions of Chapter VII of the SEBI (ICDR) Regulations, 2009.

Shares of ALPHAGEO (INDIA) LTD. was last trading in BSE at Rs.1060.7 as compared to the previous close of Rs. 1117.15. The total number of shares traded during the day was 18312 in over 1060 trades.

The stock hit an intraday high of Rs. 1115 and intraday low of 1055. The net turnover during the day was Rs. 19752951.

Source : Equity Bulls

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