Tirupati Industries India Ltd allots 1485000 shares

The Board of Directors of Tirupati Industries India Ltd at its meeting held on October 21, 2016, has partly allotted 14,85,000 (Fourteen Lakh Eighty Five Thousand) Warrants Convertible into equal number of Equity shares of Rs.10/- (Rupees Ten) each at an issue price of Rs.27.20/- (Rupees Twenty Seven and Twenty paise) per share (including premium of Rs.17.20/- per share) not later than 18 months from the date of allotment to the allotees on preferential basis and in accordance with Special Resolution pursuant to Section 42, 62 of the Companies Act, 2013 passed by the shareholders at the Annual General Meeting of the Company held on September 30, 2016 and in terms of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Shares of TIRUPATI INDUSTRIES (INDIA) LTD. was last trading in BSE at Rs.46 as compared to the previous close of Rs. 44.85. The total number of shares traded during the day was 11853 in over 36 trades.

The stock hit an intraday high of Rs. 46 and intraday low of 43.1. The net turnover during the day was Rs. 541447.

Source : Equity Bulls

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