Crest Ventures Ltd approves allotment of 23,95,000 equity shares

The Board of Directors of Crest Ventures Ltd has considered and approved the allotment of 23,95,000 equity shares of face value of Rs.10/- each ('Equity Shares') by a resolution passed by circulation, to persons other than the promoter and promoter group ('Strategic Investors') as mentioned below, at an issue price of Rs.229.50 (Rupees Two Hundred Twenty Nine and Paisa Fifty Only) per Equity Share including a premium of Rs.219.50 (Rupees Two Hundred Nineteen and Paisa Fifty Only) per Equity Share.

The said Equity Shares have been allotted to Vernalis Capital Private Limited.

The Preferential issue of these Equity Shares on a private placement basis has been earlier approved by the Board of Directors in their meeting held on May 04, 2018 and by the Members through the Postal Ballot on June 13, 2018.

Shares of CREST VENTURES LIMITED was last trading in BSE at Rs.168.3 as compared to the previous close of Rs. 172.45. The total number of shares traded during the day was 36 in over 2 trades.

The stock hit an intraday high of Rs. 168.3 and intraday low of 168.2. The net turnover during the day was Rs. 6057.

Source : Equity Bulls

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