A2Z Infra Engineering Limited allots 24695780 Equity Shares

A2Z Infra Engineering Limited has allotted 2,46,95,780 Warrants convertible into equity shares of Company in the meeting of the Board of Directors of Company duly held on 17th September, 2015 to the persons other than the promoters. The above said Warrants were issued at a issue price of INR 21.66 (including INR 11.66 as premium per warrants).

All the Warrants have been converted into equal number of fully paid equity shares of the Company and Company has received a total amount of INR 53,49,10,595 (Rupees Fifty Three Lacs Forty Nine Lacs Ten Thousand Five Hundred and Ninety Five only) pursuant to such conversion, hence all the outstanding warrant have been successfully converted into equity shares of Company.

Shares of A2Z MAINTENANCE & ENGINEERING SERVICES LTD. was last trading in BSE at Rs.45.4 as compared to the previous close of Rs. 42.55. The total number of shares traded during the day was 894207 in over 5826 trades.

The stock hit an intraday high of Rs. 46.25 and intraday low of 42.75. The net turnover during the day was Rs. 40044485.

Source : Equity Bulls

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