Mahalaxmi Rubtech Ltd approves allotment of 15 lakh shares

The Board of Directors of Mahalaxmi Rubtech Ltd at its meeting held on October 14, 2017 at 11.00 a.m. and concluded at 11.45 a.m. has approved allotment of 15,00,000 Equity Shares of the Company, upon conversion of warrants issued to Promoters and Promoter Group of the Company at an issue price of Rs. 45/- per warrant (including premium) on preferential basis in accordance with SEBI (Issue of Capital Disclosure Requirements), Regulations, 2009.

Shares of MAHALAXMI RUBTECH LTD. was last trading in BSE at Rs.53 as compared to the previous close of Rs. 53.95. The total number of shares traded during the day was 5974 in over 48 trades.

The stock hit an intraday high of Rs. 54.8 and intraday low of 52.4. The net turnover during the day was Rs. 317284.

Source : Equity Bulls

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