GATI Ltd board approves preferential issue of 10,23,020 shares at Rs. 97.75 per share

The Board of Directors of GATI Ltd have approved the allotment of 10,23,020 equity shares on preferential basis having a face value of Rs. 2/- (Rupees Two Only) at a price of Rs. 97.75/- per Equity Share, at a premium of Rs. 95.75/- per Equity Share, aggregating up to Rs. 10,00,00,205/- (Rupees Ten Crore Two Hundred and Five Only) and 71,61,120 Equity Warrants at a Price of Rs. 97.75/- per Equity Warrants with the right to warrant holder to apply for and be allotted 1 (One) Equity Share of the face value of Rs. 2/- each of the Company at a premium of Rs. 95.75/- per equity share for each Equity warrant within a period of 18 (Eighteen) months from the date of allotment of the warrants, aggregating up to Rs. 69,99,99,480/-.

Shares of GATI LTD. was last trading in BSE at Rs.149.2 as compared to the previous close of Rs. 146. The total number of shares traded during the day was 463862 in over 4888 trades.

The stock hit an intraday high of Rs. 157.7 and intraday low of 144. The net turnover during the day was Rs. 70914610.

Source : Equity Bulls

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