Ashapura Intimates Fashion approves allotment of warrants to HT Media Ltd

The Board of directors of Ashapura Intimates Fashion Limited at their meeting held on Wednesday, 25th October, 2017 had discussed the allotment of Share Warrants (4 in No.'s) amounting to Rs.2, 70,00,000/- each to HT Media Limited.

The Board discussed allotment of Non-Convertible Debentures has been transferred by the board to the Allotment Committee proposed to be constituted by the Board in the same meeting.

The Board approved constitution of Allotment Committee for the purpose of allotment of Non - Convertible Debentures and various other securities as may be issued by the company in future.

The Board also approved proposal for delegating the power of the board to disinvest stake held in Momai Apparels Limited an important step towards becoming debt free.

Shares of ASHAPURA INTIMATES FASHION LTD. was last trading in BSE at Rs.475.7 as compared to the previous close of Rs. 474.45. The total number of shares traded during the day was 27785 in over 259 trades.

The stock hit an intraday high of Rs. 480 and intraday low of 472.5. The net turnover during the day was Rs. 13205776.

Source : Equity Bulls

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