Apollo Tricoat Tubes Ltd allots 23 lakh shares

The Preferential Allotment Committee of Apollo Tricoat Tubes Ltd in their meeting held today i.e. April 12, 2019 at the Corporate Office of the Company, has made preferential allotment of 23,00,000 Equity Shares ('Shares') of Rs. 2/- each, pursuant to conversion of 23,00,000 Fully Convertible Warrants 'Warrants' (out of 43,00,000 warrants issued and allotted at price of Rs. 120/-each on March 15, 2018), to Mr. Mr. Rahul Gupta,person belonging to promoter group.

Shares of Apollo Tricoat Tubes Ltd was last trading in BSE at Rs.175 as compared to the previous close of Rs. 173.9. The total number of shares traded during the day was 34170 in over 119 trades.

The stock hit an intraday high of Rs. 176.75 and intraday low of 170.2. The net turnover during the day was Rs. 5966195.

Source : Equity Bulls

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