Shree Rajasthan Syntex Ltd. allots 650000 shares

The Board of Directors of Shree Rajasthan Syntex Ltd. at their 210th meeting held on Thursday, 14th September, 2017, which commenced at 12.00 Noon and concluded at 5.30 P.M., has allotted 6,50,000 equity shares of the face value of Rs. 10/- each at Rs.10/- per share pursuant to conversion of 6,50,000 Warrants (ratio of 1 equity share for every 1 convertible warrant, for which Special Resolution was passed by the Members at the 36th Annual General Meeting of the Company held on 26th September, 2016 and in principle approval dated 19th September, 2016 was received from your goodself), to promoter / promoter group on preferential basis.

Shares of SHREE RAJASTHAN SYNTEX LTD. was last trading in BSE at Rs.15.65 as compared to the previous close of Rs. 14.98. The total number of shares traded during the day was 2178 in over 8 trades.

The stock hit an intraday high of Rs. 15.65 and intraday low of 14.53. The net turnover during the day was Rs. 32979.

Source : Equity Bulls

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