High Ground Enterprise Ltd allots bonus shares

The Board of Directors of High Ground Enterprise Ltd at its meeting held on October 28, 2016, have in pursuance to the shareholders approval dated on September 27, 2016 and In-principle Approval dated on October 13, 2016 granted by BSE Limited, issued and allotted 1,04,65,087 equity shares of Re. 1/- each by way of bonus equity shares of Re. 1/- each credited as a fully paid up to the holders of the equity shares of the company, whose name appear on the Register of Members on the "Record Date" in proportion of 1 (One) Bonus Equity Shares of Re. 1/- (Rupee One only) each, for every 10 (Ten) fully paid-up Equity Shares of Re. 1/- (Rupee One only) each held by the member or allotted to such member as on October 25, 2016 being the "Record Date". Consequent to the aforesaid allotment, the paid up capital of the Company has increased from Rs. 104650863/-to Rs. 115115949/-.

Shares of High Ground Enterprise Ltd was last trading in BSE at Rs.41.65 as compared to the previous close of Rs. 44.5. The total number of shares traded during the day was 280026 in over 768 trades.

The stock hit an intraday high of Rs. 45.5 and intraday low of 40.7. The net turnover during the day was Rs. 11678686.

Source : Equity Bulls

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