Premier Explosives Ltd approves allotment of 127564 shares

The Securities Allotment Committee of the Board of Directors of Premier Explosives Ltd at its meeting held today i.e. on August 02nd , 2017, inter - alia, approved the Allotment of 1,27,564 equity shares of face value of Rs. 10/- each at issue price of Rs. 408 per equity share including a premium of Rs. 398 per equity share for an aggregate amount of Rs. 5,20,46,112; and 1,35,100 Warrants convertible into Equity Shares of face value of Rs.10/- each at issue price of Rs.408 per Warrant including a premium of Rs.398 per Warrant on payment of 25% of the Issue price with the amount received for Warrants, aggregating to Rs.1,37,80,200; to the allottees as listed in attachment.We request you to take the above ON record and be treated as compliance under the applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Meeting commenced at 11.30 A.M and concluded at 01.30 P.M.

Shares of PREMIER EXPLOSIVES LTD. was last trading in BSE at Rs.471 as compared to the previous close of Rs. 481.7. The total number of shares traded during the day was 1703 in over 101 trades.

The stock hit an intraday high of Rs. 482 and intraday low of 470. The net turnover during the day was Rs. 807250.

Source : Equity Bulls

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