Generic Engineering Construction and Projects Ltd allots 18 lakh shares

Pursuant to Special resolution passed by the Shareholders' at Extra-Ordinary General Meeting of Generic Engineering Construction and Projects Ltd held on 10th March, 2018, the Board of Directors in their meeting held on Friday, 27th September, 2019 have allotted 18,00,000 Equity Shares of Rs. 5/- each fully paid up on account of conversion of 9,00,000 Warrants of Rs. 190/- (Post sub-division of the face value of Equity Shares from Rs.10/- to Rs. 5/-, 9,00,000 Warrants of Rs.190/- each have become 18,00,000 Warrants of Rs.95/-) each (i.e. the ratio of 1 Equity Share for every 1 Warrant held). (Face value Rs.5/- per share and Securities Premium of Rs. 90/- per share).

Shares of Generic Engineering Construction and Projects Ltd was last trading in BSE at Rs.71 as compared to the previous close of Rs. 70.95. The total number of shares traded during the day was 1739 in over 18 trades.

The stock hit an intraday high of Rs. 73.2 and intraday low of 69.6. The net turnover during the day was Rs. 124274.

Source : Equity Bulls

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