IMP Powers Ltd allots 550000 warrants at Rs. 115

The board of directors of IMP Powers Ltd has allotted 5,50,000 (Five lakhs Fifty Thousand) Convertible Warrants at Rs. 115/- per warrant to the Promoter group pursuant to the applicable provisions of SEBI (LODR) & (ICDR).

The warrants are convertible into equity shares, within a period of 18 months from the date of allotment of warrants i.e November 26, 2018.

Post allotment of securities, the warrants are issued and allotted at Rs. 115/- per warrant, convertible into 1 equity share of Rs. 10/- each, at a premium of Rs. 105/- per equity share.

Advance Transformers & Equipments Private Limited has been allotted 150000 warrants and Shree Kishoriju Trading and Investment Private Limited has been allotted 400000 warrants.

Shares of IMP POWERS LTD. was last trading in BSE at Rs.52 as compared to the previous close of Rs. 53.15. The total number of shares traded during the day was 315 in over 3 trades.

The stock hit an intraday high of Rs. 52.1 and intraday low of 52. The net turnover during the day was Rs. 16381.

Source : Equity Bulls

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