Mahalaxmi Rubtech Ltd approves allotment of 18.50 lakh shares

The Board of Directors of Mahalaxmi Rubtech Ltd at its meeting held on April 30, 2018 at 5.30 p.m. and concluded at 6.30 p.m. has approved allotment of 18,50,000 Equity Shares of the Company, upon conversion of 18,50,000 warrants issued to Promoter and Promoter Group of the Company at an issue price of Rs. 45/- per warrant (including premium) on preferential basis in accordance with SEBI (Issue of Capital Disclosure Requirements), Regulations, 2009.

Shares of MAHALAXMI RUBTECH LTD. was last trading in BSE at Rs.51.6 as compared to the previous close of Rs. 51.3. The total number of shares traded during the day was 596 in over 15 trades.

The stock hit an intraday high of Rs. 52 and intraday low of 49.9. The net turnover during the day was Rs. 30506.

Source : Equity Bulls

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