Bharat Gears Ltd board allots 11,63,262 shares

The Finance committee of the Board of Directors of Bharat Gears Ltd at its Meeting held on May 10, 2019 considered and approved the allotment of 11,63,262 (Eleven Lakhs sixty Three Thousand rwo Hundred sixty Two) Equity Shares having face value of Rs. 10 (Rupees Ten only) on rights basis to the existing shareholders of the company at a price of Rs. 105/- per equity share in the ratio of 1:7 i.e. 1 (one) Equity share for every 7 (seven) Equity-shares held as on record date i.e. April 03,2019.

Shares of BHARAT GEARS LTD. was last trading in BSE at Rs.143.5 as compared to the previous close of Rs. 143. The total number of shares traded during the day was 486 in over 26 trades.

The stock hit an intraday high of Rs. 148.75 and intraday low of 143. The net turnover during the day was Rs. 69713.

Source : Equity Bulls

Keywords