V2 Retail Ltd to allot shares at Rs. 75

The Board of Directors of V2 Retail Ltd at its meeting held on November 22, 2016, from 2:00 pm and concluded at 5:30 pm, has decided to allot, a. 10,00,000 (Ten Lakhs) Equity Shares to Mr. Vivek Lodha, other than Promoter and/or Promoter Group, 10,00,000 (Ten Lakhs) Equity Shares to Mr. Naresh Kumar Bhargava, other than Promoter and/or Promoter Group, 10,00,000 (Ten Lakhs) Equity Shares to Mr. Pramod Chand Mahnot, other than Promoter and/or Promoter Group and 10,00,000 (Ten Lakhs) Equity Shares & 10,00,000 (Ten Lakhs) convertible warrants to M/s Ricon Commodities Private Limited, member of the Promoter and/or Promoter Group, at a price of Rs. 75/- each including premium of Rs. 65/-.

Shares of V2 RETAIL LTD. was last trading in BSE at Rs.111.55 as compared to the previous close of Rs. 106.25. The total number of shares traded during the day was 17866 in over 356 trades.

The stock hit an intraday high of Rs. 111.55 and intraday low of 105.6. The net turnover during the day was Rs. 1974841.

Source : Equity Bulls

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