Bhartiya International Ltd approves partial conversion of warrants

Bhartiya International Limited ('the Company') had allotted 7,00,000 nos. of Warrants with a right to subscribe for equal number of Equity Shares of Rs. 10/- each at a premium of Rs.590/- within a period of 18 months from the date of allotment to the Non-Promoter Group, M/s. Karuna Ventures Private Limited, on 2nd January, 2016.

At the Board Meeting dated 14th April 2017, M/s. Karuna Ventures Private Limited had partly exercised their right to convert 4,00,000 warrants to Equity Shares out of the 7,00,000 warrants issued.

The Company had received an intimation from M/s. Karuna Ventures Private Limited, that they are not willing to exercise their right to convert the balance 3,00,000 warrants into Equity Shares.

Shares of BHARTIYA INTERNATIONAL LTD. was last trading in BSE at Rs.578.7 as compared to the previous close of Rs. 580.8. The total number of shares traded during the day was 22442 in over 525 trades.

The stock hit an intraday high of Rs. 590 and intraday low of 572. The net turnover during the day was Rs. 13061253.

Source : Equity Bulls

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