Virinchi Ltd to consider preferential issue on Nov 20, 2017

A meeting of the Board of Directors of Virinchi Ltd is scheduled to be held on Monday, 20th November, 2017 at 3PM at the Registered Office of the company interalia to consider and approve the preferential issue of convertible equity warrants and Equity Shares to the promoter and Strategic Investors subject to the approval of shareholders.

As per the Company's code of Conduct for prevention of insider trading & Code of Practices & Procedures for Fair disclosures of Unpublished Price Sensitive Information, the trading window of the company remains closed for all the employees, directors and other connected persons who have access to or could have access to unpublished price sensitive information from 17th November, 2017 to 23rd November, 2017 on account of consideration and approval of preferential issue of Convertible equity warrants and Shares to the promoter / promoter group and strategic investors.

Shares of Virinchi Ltd was last trading in BSE at Rs.91.35 as compared to the previous close of Rs. 87.7. The total number of shares traded during the day was 44801 in over 272 trades.

The stock hit an intraday high of Rs. 92.05 and intraday low of 85.1. The net turnover during the day was Rs. 3970091.

Source : Equity Bulls

Keywords