Mahindra CIE Automotive approves allotment of 35997180 Equity Shares on preferential basis

The Preferential Allotment Committee of Board of Directors of Mahindra CIE Automotive Ltd at its meeting held on October 19, 2016, issued and allotted the first tranche of 35,997,180 Equity Shares of face value of Rs. 10/- (Equity Shares) each at a price of Rs. 200 per share on preferential basis.

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs.187.15 as compared to the previous close of Rs. 189.55. The total number of shares traded during the day was 40214 in over 1015 trades.

The stock hit an intraday high of Rs. 191.9 and intraday low of 186.5. The net turnover during the day was Rs. 7598669.

Source : Equity Bulls

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