Moschip Semiconductor Technology Ltd approves allotment of 60,74,240 equity shares

The Board of Directors of Moschip Semiconductor Technology Ltd through Circular Resolution circulated on 16th April, 2018 and consent given by majority directors as on 17th April, 2018 has approved the allotment of 60,74,240 equity shares pursuant to conversion of equal number of warrants of the face value of Rs. 2/- each at a price of Rs. 21.80 /- (including a Premium of Rs. 19.80/-) on a preferential basis to M/s Oshin Global Pte Limited (Formerly Techwave Pte Limited).

Shares of MOSCHIP SEMICONDUCTOR TECHNOLOGY LTD. was last trading in BSE at Rs.31.3 as compared to the previous close of Rs. 32.05. The total number of shares traded during the day was 62125 in over 121 trades.

The stock hit an intraday high of Rs. 32.25 and intraday low of 30.9. The net turnover during the day was Rs. 1961420.

Source : Equity Bulls

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