Olectra Greentech Ltd allots 27 lakh shares at Rs. 80.10

The Board of Directors of Olectra Greentech Limited at their meeting held today i.e. 09th day of April, 2019 have approved the allotment of 27,00,000 Equity Shares of Rs. 4/- each (Rupees Four Only) at an issue price of Rs. 80.10 (Rupees Eighty and Ten Paise only) (including premium of Rs. 76.10/- per share) to M/s Goldstone Power Private Limited (belonging to Promoter Group) against conversion of balance 27,00,000 warrants out of 54,00,000 warrants (convertible into equivalent number of Equity Shares) which were allotted to M/s Goldstone Power Private Limited at a issue price of Rs. 80.10 (Rupees Eighty and Ten Paise only) (including premium of Rs. 76.10/- per warrant) on October 11, 2017.

The Equity Shares issued shall rank Pari Passu with the existing equity shares of the company in all respects.

Shares of Olectra Greentech Ltd was last trading in BSE at Rs.240 as compared to the previous close of Rs. 241.65. The total number of shares traded during the day was 7560 in over 182 trades.

The stock hit an intraday high of Rs. 241.65 and intraday low of 198. The net turnover during the day was Rs. 1772244.

Source : Equity Bulls

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