Rane Engine Valve Limited allots warrants to Rane Holdings Limited

The Finance Committee of the Board of Directors of Rane Engine Valve Limited, has at their meeting held on March 8,2022 issued and allotted 5,15,463 warrants of face value of Rs.10/- each, convertible into equivalent 5,15,463 equity shares of face value of Rs.10/- each fully paid up. The allotment has been made for cash upon receipt of warrant subscription price of Rs.72.75 per warrant(being 25% of the issue price i.e. Rs.291.00/-) and the warrants allotted are convertible in one or more tranches at any time on or before the expiry of 18 (eighteen) months from the date of allotment.

Shares of Rane Engine Valve Limited was last trading in BSE at Rs. 248.80 as compared to the previous close of Rs. 250.60. The total number of shares traded during the day was 3914 in over 182 trades.

The stock hit an intraday high of Rs. 255.90 and intraday low of 246.55. The net turnover during the day was Rs. 980850.00.

Source : Equity Bulls

Keywords

RaneEngineValve INE222J01013 ConvertibleWarrants PromoterGroup RaneHoldings