Mercator Ltd approves allotment of 25000000 shares

The QIP Committee of the Board of Directors of Mercator Ltd at its meeting held on January 23, 2017 has approved the allotment of 2,50,00,000 Equity shares of face value of Re. 1/- each at a premium of Rs. 39.75 per equity share aggregating to Rs. 1018.75 million.

Shares of MERCATOR LTD.-$ was last trading in BSE at Rs.45.8 as compared to the previous close of Rs. 43.8. The total number of shares traded during the day was 1046024 in over 3117 trades.

The stock hit an intraday high of Rs. 46.2 and intraday low of 43. The net turnover during the day was Rs. 47116128.

Source : Equity Bulls

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