CSL Finance Ltd to allot shares, warrants

CSL Finance Ltd has today approved allotment of the following securities:

(a) 18,25,000 equity shares at a price of Rs. 160/- per equity shares (which includes premium of Rs. 150/- per share) to the following investors belonging to Non- Promoter category aggregating to Rs.29,20,00,000/-

(b) 3,50,000 warrants convertible ('warrants') into equity shares at a price of Rs. 160/- per warrants (which includes premium of Rs. 150/- per warrants) to the investors belonging to Promoter and Non-Promoter, aggregating to Rs. 5,60,00,00,00/-

Shares of CSL Finance Ltd was last trading in BSE at Rs. 175.50 as compared to the previous close of Rs. 176.15. The total number of shares traded during the day was 6002 in over 68 trades.

The stock hit an intraday high of Rs. 183.00 and intraday low of 175.00. The net turnover during the day was Rs. 1076838.00.

Source : Equity Bulls

Keywords

CSLFinance INE718F01018 PreferentialAllotment Shares Warrants FundRaising