Wanbury Ltd allots 5 lakh shares at Rs. 200 to Edelweiss ARC

The Day to Day Affairs Committee of Board of Directors of Wanbury Ltd has at its meeting held on 6th March, 2018 approved the allotment of 5,00,000 equity shares of Rs.200/- per share (Face Value of Rs. 10/- and premium of Rs. 190 per Share) pursuant to the Conversion of 5,00,000 CCDs of face value of Rs. 200/- each aggregating to Rs. 10 Crore to M/s. Edelweiss Asset Reconstruction Company Ltd. ('EARC') as a Trustee of EARC Trust SC 145. These Equity shares are proposed to be listed on BSE Limited and National Stock Exchange of India Limited subsequently.

Accordingly, the Paid up share capital of the Company will increase from Rs. 23,22,01,170/- divided in to 2,32,20,117 Equity Shares of Rs. 10/- each to Rs. 23,72,01,170/- divided into 2,37,20,11 Equity Shares of Rs. 10/- each.

Shares of WANBURY LTD. was last trading in BSE at Rs.35.25 as compared to the previous close of Rs. 35.3. The total number of shares traded during the day was 3427 in over 11 trades.

The stock hit an intraday high of Rs. 36.25 and intraday low of 35.05. The net turnover during the day was Rs. 120828.

Source : Equity Bulls

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