Websol Energy System Limited approves preferential issue of 14 lakh shares

The Board of Directors of Websol Energy System Limited at its meeting held on today has considered and approved the issue of upto 1400000 equity shares of face value of Rs. 10/- each on Preferential Basis to the Promoters/ Promoter Group of the Company at an Issue Price of Rs. 105/- per equity share, including a premium of Rs. 95/- per equity share, or at such higher price as may be determined in compliance with provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations"), in lieu of conversion of loan outstanding as on date, subject to the approval of the Stock Exchanges and Members in compliance of sections 42 & 62 of the Companies Act, 2013 to the extant rules notified and other applicable rules and regulations thereto.

Shares of Websol Energy System Limited was last trading in BSE at Rs. 91.89 as compared to the previous close of Rs. 87.52. The total number of shares traded during the day was 59646 in over 446 trades.

The stock hit an intraday high of Rs. 91.89 and intraday low of 87.16. The net turnover during the day was Rs. 5451712.00.

Source : Equity Bulls

Keywords

WebsolEnergySystem INE855C01015 PreferentialIssue PromoterGroup