Salzer Electronics Ltd approves allotment of 361000 shares

The Sub-Committee of the Board of Salzer Electronics Ltd at its Meeting held on January 08, 2017 approved the allotment of 3,61,000 Equity Shares of Rs. 10/- each with a premium of Rs. 241.45 per share to the following allottees forming part of the Promoters Group, upon conversion of similar quantum of share warrants issued at price of Rs. 251.45 per warrant under Chapter VII (Preferential Issue) of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009.

Shares of SALZER ELECTRONICS LTD. was last trading in BSE at Rs.197.1 as compared to the previous close of Rs. 191.85. The total number of shares traded during the day was 38952 in over 798 trades.

The stock hit an intraday high of Rs. 199 and intraday low of 189. The net turnover during the day was Rs. 7645785.

Source : Equity Bulls

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