Garnet International Ltd board approves warrants issue at Rs. 36

The Board of Directors of Garnet International Ltd at its meeting held on 12th October, 2021, has considered and approved the issue of 15,00,000 Convertible Equity Warrants of face value Rs, 10/- each of the Company at an issue price of Rs. 36/- per Convertible Warrant (including premium of Rs. 26/- per warrant) aggregating to Rs. 5,40,00,000/-, on preferential basis to non-promoter allottees Nexpact Limited - 11 lakh warrants, Anoop Jain - 2 lakh warrants and Anoop Jain HUF - 2 lakh warrants.

Shares of GARNET INTERNATIONAL LTD. was last trading in BSE at Rs. 44.40 as compared to the previous close of Rs. 42.30. The total number of shares traded during the day was 52440 in over 58 trades.

The stock hit an intraday high of Rs. 44.40 and intraday low of 44.40. The net turnover during the day was Rs. 2328336.00.

Source : Equity Bulls

Keywords

GARNETINTERNATIONAL INE590B01010 FundRaising Warrants