Xelpmoc Design and Tech Ltd allots 7,20,000 shares at Rs. 375 per share

The Management Committee of the Board of Directors of Xelpmoc Design and Tech Ltd at their meeting held today commenced at 6:30 p.m. and concluded at 7:00 p.m., had approved the allotment of 7,20,000 Equity Shares of face value of INR 10 each fully paid up in dematerialised form by way of preferential allotment on a private placement basis for a cash consideration to the Foreign Portfolio Investors, at a price of INR 375 per share (including a premium of INR 365 Indian Rupees Three Hundred And Sixty Five) per share, aggregating to INR 27,00,00,000.

Consequent to the above allotment, the issued, subscribed and paid-up share capital of the Company stands increased to INR 14,42,52,980/- comprising of 1,44,25,298 equity shares of face value INR 10/- each.

Shares of Xelpmoc Design and Tech Limited was last trading in BSE at Rs. 356.15 as compared to the previous close of Rs. 356. The total number of shares traded during the day was 3371 in over 181 trades.

The stock hit an intraday high of Rs. 372 and intraday low of 345. The net turnover during the day was Rs. 1191256.

Source : Equity Bulls

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