Sree Sakthi Paper Mills Ltd allots 30 lakh warrants

The Allotment Committee of Board of Directors of Sree Sakthi Paper Mills Ltd in their meeting held today i.e. 29th March, 2018 has allotted 3000000 Convertible Warrants at a price of Rs. 11/- (Face value of Rs. 10/- and premium of Rs. 1/-) each, to Mr. S. Rajkumar, Promoter by way of conversion of loan outstanding in his account.

Subsequently the allotment Committee has approved the conversion of 1700000 convertible warrants issued to him into equity shares at a price of Rs. 11/-(face value of Rs. 10/- and premium of Rs. 1/-)per share totaling to Rs. 1,87,00,000/-.

Shares of SREE SAKTHI PAPER MILLS LTD. was last trading in BSE at Rs.7.55 as compared to the previous close of Rs. 7.94. The total number of shares traded during the day was 100 in over 1 trades.

The stock hit an intraday high of Rs. 7.55 and intraday low of 7.55. The net turnover during the day was Rs. 755.

Source : Equity Bulls

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