East West Holdings Ltd board approves preferential allotment

The Board of Directors of East West Holdings Ltd at its meeting held today i.e on Thursday 23rd December, 2021 have subject to the approval of the Shareholders and relevant statutory authorities approved the proposal to issue and allot, in one or more tranches, up to 1,09,12,500 (One Crore Nine Lakhs Twelve Thousand Five Hundred Only) fully paid-up Equity Shares of Rs.2/- each for cash to the proposed allottees under Non Promoter category (Public).

The board approved proposal to Issue and allot 71,00,000 Warrants Convertible into 71,00,000 Equity Shares of Rs. 2/- each for cash to 'Proposed Allottees' under Promoter Category and to Issue and allot 24,00,000 Warrants Convertible into 24,00,000 Equity Shares of Rs. 2/- each for cash to 'Proposed Allottees' under Non Promoter Category.

Shares of East West Holdings Ltd was last trading in BSE at Rs. 9.38 as compared to the previous close of Rs. 8.98. The total number of shares traded during the day was 266502 in over 573 trades.

The stock hit an intraday high of Rs. 9.98 and intraday low of 8.65. The net turnover during the day was Rs. 2472871.00.

Source : Equity Bulls

Keywords

EastWestHoldings INE595R01023 PreferentialIssue FundRaising