Capital Trade Links Limited allots 90 lakhs warrants

The Board of directors of Capital Trade Links Limited has allotted 90,00,000 (Ninety Lakhs) warrants at the issue price of Rs. 50/- per warrant (each warrant convertible into one Equity share of the company having face value of Re./- 1 each and at premium of Rs.49/-each) to the allotee belonging to the NonPromoter category on preferential basis.

Each warrant has been paid up-front 25% of the total issue price i.e. Rs 12.5/- at the time of allotment of the warrants, and the balance 75% of the issue price per warrant shall be payable at the time of issue and allotment of the equity shares pursuant to exercise of the option attached to the relevant warrant.

The warrant shall be convertible into equity shares within a period of 18 months from the date of allotment of the warrants.

Shares of Capital Trade Links Ltd was last trading in BSE at Rs. 25.50 as compared to the previous close of Rs. 26.00. The total number of shares traded during the day was 4431 in over 38 trades.

The stock hit an intraday high of Rs. 26.55 and intraday low of 24.75. The net turnover during the day was Rs. 111972.00.

Source : Equity Bulls

Keywords

CapitalTradeLinks INE172D01021 FundRaising Warrants