VBC Ferro Alloys Ltd allots 5 lakh shares on conversion of warrants

VBC Ferro Alloys Ltd has issued 5,00,000 Equity Shares of Rs.10/- each with a premium of Rs.35 for each equity share to KSR Enterpreneurs Private Limited by converting warrants into Equity Shares.

KSR Enterpreneurs Private Limited had subscribed for 5,00,000 convertible warrants against their entitlement of 7,00,000 by bringing the balance amount of Rs.33.75 for each warrant.

Shares of VBC FERRO ALLOYS LTD. was last trading in BSE at Rs.41.8 as compared to the previous close of Rs. 43.95. The total number of shares traded during the day was 28 in over 2 trades.

The stock hit an intraday high of Rs. 41.8 and intraday low of 41.8. The net turnover during the day was Rs. 1170.

Source : Equity Bulls

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