Ind-Swift Ltd approves allotment of 3817712 shares

The Board of Directors of Ind-Swift Ltd at its meeting held on February 13, 2017, have considered and approved the allotment of 3817712 Equity Shares of Rs. 2/- each to the Promoter's Group on preferential basis at a price of Rs. 17.50/- per share against the Promoters contribution already infused by the promoters under the CDR package of the Company.

The Board also approved the resignation of Mrs. Veena Dadwal and Sh. Ashok Kumar Gupta, Independent Directors, from the Directorship of the Company.

Shares of IND-SWIFT LTD. was last trading in BSE at Rs.5.71 as compared to the previous close of Rs. 5.96. The total number of shares traded during the day was 1550 in over 6 trades.

The stock hit an intraday high of Rs. 5.71 and intraday low of 5.69. The net turnover during the day was Rs. 8834.

Source : Equity Bulls

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