Indian Terrain Fashions Ltd board approves preferential issue

The Board of directors of Indian Terrain Fashions Ltd at its meeting held on Saturday, 12th Sep, 2020 has approved the issue of following securities on a preferential basis.

- Issue of upto 16,00,000 convertible warrants each carrying a right exercisable by the warrant holder to subscribe to one equity share of face value of Rs.2.00/- each per warrant to Mr.Venkatesh Rajagopal, Promoter & Wholetime director.

- Issue of upto 16,00,000 convertible warrants each carrying a right exercisable by the warrant holder to subscribe to one equity share of face value of Rs.2.00/- each per warrant to Mrs.Rama Rajagopal, Promoter & Wholetime director.

- Issue of upto 16,00,000 equity shares of face value of Rs.2.00/- each to A.R. Foundations Private Limited, Public Category.

- Issue of upto 16,00,000 equity shares of face value of Rs.2.00/- each to ARES DIVERSIFIED, FPI, Public Category.

on such T&C as may be determined by the Board & subject to the approval of Shareholders of the Company.

Shares of INDIAN TERRAIN FASHIONS LTD. was last trading in BSE at Rs.34.15 as compared to the previous close of Rs. 33.65. The total number of shares traded during the day was 18504 in over 205 trades.

The stock hit an intraday high of Rs. 34.75 and intraday low of 33.6. The net turnover during the day was Rs. 631858.

Source : Equity Bulls

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