Arvind SmartSpaces Limited allots 28,50,000 warrants

The Management Committee of the Board of Directors of Arvind SmartSpaces Limited at their Meeting held today, has approved allotment of 28,50,000 (Twenty Eight Lakhs Fifty Thousand) Warrants, each carrying a right to subscribe to one Equity Share per Warrant at a price of Rs. 102.00 (Rupees One Hundred Two Only) per Equity Share ('Warrant Exercise Price'), aggregating to Rs. 29,07,00,000/- (Rupees Twenty Nine Crores Seven Lakhs Only) within a period of 18 (eighteen) months from the date of allotment, in one or more tranches, as the case may be and on such other terms and conditions as applicable, to Kausalya Realserve LLP wherein Mr. Kamal Singal, MD & CEO of Arvind SmartSpaces Limited ("Company"), and his relatives are the partners (Hereinafter referred to as "Warrant holder"), on a preferential basis.

Shares of Arvind SmartSpaces Ltd was last trading in BSE at Rs.95.7 as compared to the previous close of Rs. 96.05. The total number of shares traded during the day was 2617 in over 65 trades.

The stock hit an intraday high of Rs. 96.95 and intraday low of 95. The net turnover during the day was Rs. 250804.

Source : Equity Bulls

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