SORIL Holdings and Ventures Ltd allots 3.5 crore warrants

SORIL Holdings and Ventures Ltd has today i.e. January 2, 2018, issued and allotted an aggregate of 3,50,00,000 (Three Crores Fifty Lacs) Warrants, convertible into an equivalent number of equity shares of face value of Rs. 2 each of the Company, at an exercise price of Rs. 132/- (including a premium of Rs. 130/-) per equity share to the Promoter Group entities, namely, Powerscreen Media Private Limited (87,50,000 warrants), Calleis Real Estate Private Limited (87,50,000 warrants), Calleis Constructions Private Limited (87,50,000 warrants) and Calleis Properties Private Limited (87,50,000 warrants). The allotment of these Warrants is in accordance with Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009, as amended.

Shares of SORIL Holdings and Ventures Ltd was last trading in BSE at Rs.215.8 as compared to the previous close of Rs. 224.4. The total number of shares traded during the day was 33685 in over 187 trades.

The stock hit an intraday high of Rs. 226.75 and intraday low of 215.1. The net turnover during the day was Rs. 7417840.

Source : Equity Bulls

Keywords