WEP Solutions Ltd allots 98,68,640 shares on rights basis

Pursuant to the Rights Issue of the Company, in terms of the Letter of Offer dated 5th March 2021 and in accordance with the Basis of Allotment finalized in consultation with BSE Limited (Designated Stock Exchange), the Lead Manager to the Issue and the Registrar to the Issue, the Rights Issue Committee of Board of Directors of the Company has, at its meeting held on, i.e., 27th April 2021, approved the allotment of 98,68,640 Rights Equity Shares of Face Value of Rs. 10/- each at a price of Rs. 10/- per Rights Equity Share.

Shares of WEP SOLUTIONS LTD. was last trading in BSE at Rs.17.26 as compared to the previous close of Rs. 17.77. The total number of shares traded during the day was 8003 in over 49 trades.

The stock hit an intraday high of Rs. 18.5 and intraday low of 17.25. The net turnover during the day was Rs. 139209.

Source : Equity Bulls

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