Viaan Industries Ltd approves issue of 15 lakh warrants

The Board of Directors of Viaan Industries Ltd at its meeting held on 21st December, 2017 has decided & approved the proposal to Increase the Authorized Capital of the Company & alteration of Memorandum Of Association.

The Board approved issue of 1500000 (Fifteen lakhs) convertible equity warrants of Re. 1/- each at an issue price of Rs. 42/- each to promoters of the Company. Convertible into equity shares at such higher prices as may be determined in compliance with chapter VII of the SEBI (ICDR) Regulation, 2009 on preferential basis to Ripu Sudan Kundra: 7,50,000 convertible equity warrants and Shilpa Sheety Kundra: 7,50,000 convertible equity warrants.

The Board authorized Business Development Committee to fix date/ time/ venue & notice copy along with explanatory statement for the EGM / Postal Ballot to be held abovementioned purpose.

Shares of Viaan Industries Ltd was last trading in BSE at Rs.34.65 as compared to the previous close of Rs. 33. The total number of shares traded during the day was 355534 in over 831 trades.

The stock hit an intraday high of Rs. 35 and intraday low of 33. The net turnover during the day was Rs. 12228860.

Source : Equity Bulls

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