Texmo Pipes & Products Ltd allots 13 lakh shares to promoter group entity

The Board of Directors of Texmo Pipes & Products Ltd at its Meeting held on Wednesday, 27th March, 2019 at the Registered Office of the Company, at 4:30 P.M. and concluded at 5:20 P.M., has allotted 13,00,000(Thirteen Lakhs) Equity Share of face value of Rs. 10/- (Rupees Ten only) each at a price of Rs. 23.20/- (Rupees Twenty Three and Twenty paisa only) per share including premium of Rs. 13.20/- (Rupees Thirteen and Twenty paisa only ) per Equity Share, aggregating to Rs. 3,01,60,000/- (Rupees Three Crores One Lakh Sixty Thousand only) to Shree Padmavati Irrigations LLP, Promoter Group entity on preferential basis.

Shares of TEXMO PIPES & PRODUCTS LTD. was last trading in BSE at Rs.19.3 as compared to the previous close of Rs. 19.65. The total number of shares traded during the day was 31404 in over 47 trades.

The stock hit an intraday high of Rs. 19.95 and intraday low of 19.3. The net turnover during the day was Rs. 617249.

Source : Equity Bulls

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