WEP Solutiosn Ltd to issue 10 lakh warrants

The Board of Directors of WEP Solutiosn Ltd at their meeting held on Saturday,18th Nov 2017, have discussed and approved the proposal to create issue, offer and allot on a preferential basis 10,00,000 Warrants, convertible into equivalent number of Equity Shares of the Company of the Face Value of Rs.10/- at a price of Rs.60/- each to the Promoter/Promoter Group subject to the approval of the Members of the Company through postal ballot by way of passing special resolution under Section 42 and 62 of the Companies Act, 2013 and other necessary approvals.

The Board approved allotment of 31,200 Equity Shares of Rs. 10/- to the eligible employees upon exercise of the Options granted to them earlier under the ESOP-2011.

The meeting commenced at 10.30 AM and concluded at 3.45 PM.

Shares of WEP SOLUTIONS LTD. was last trading in BSE at Rs.53.1 as compared to the previous close of Rs. 53.2. The total number of shares traded during the day was 50319 in over 142 trades.

The stock hit an intraday high of Rs. 55.5 and intraday low of 53.1. The net turnover during the day was Rs. 2753905.

Source : Equity Bulls

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