REPRO India Ltd approves allotment of 592,592 Equity Shares

The Board of Directors of REPRO India Ltd vide their circular resolution effective 9/11/2017, have approved the allotment of 592,592 Equity Shares of Rs. 10/- each at a price of Rs. 675/- per share on preferential basis to Malabar India Fund Limited, Malabar Value Fund and Kedia Securities Pvt. Ltd.

The Board also approved the allotment of 592,592 Warrants of Rs. 10/- each at a price of Rs. 675/- per share from whom the Company has received 25% upfront share application money on preferential basis from Malabar India Fund Limited, Malabar Value Fund and Kedia Securities Pvt. Ltd.

Consequent to the said allotment, the paid up equity share capital of the Company stands increased from 10,903,759 Equity Shares of Rs. 10/- each to 11,496,351 Equity Shares of Rs. 10/- each.

Shares of REPRO INDIA LTD. was last trading in BSE at Rs.762.05 as compared to the previous close of Rs. 773.55. The total number of shares traded during the day was 2250 in over 195 trades.

The stock hit an intraday high of Rs. 789.6 and intraday low of 762.05. The net turnover during the day was Rs. 1739718.

Source : Equity Bulls

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