Autolite India Ltd to consider Conversion Of 600000 Warrants Convertible into 600000 Equity Shares

The Board of Directors of Autolite India Ltd at its meeting to be held on March 28, 2017 will consider conversion of 600000 warrants of Rs. 18/- each convertible into 600000 equity shares of Rs. 10/- each at premium of Rs. 8/- per equity share that were allotted on preferential basis to promoters and others on 29.09.2015 subject to receipt of balance 75% consideration.

Shares of AUTOLITE (INDIA) LTD. was last trading in BSE at Rs.56.65 as compared to the previous close of Rs. 57.15. The total number of shares traded during the day was 5346 in over 93 trades.

The stock hit an intraday high of Rs. 58.35 and intraday low of 55.6. The net turnover during the day was Rs. 302110.

Source : Equity Bulls

Keywords