W S Industries India Ltd updates on Issue of Debentures

The company had earlier announced regarding Securities Subscription Agreement entered between the Company W.S.Industries (India) Limited, M/s. Prestige Exora Business Parks Limited and M/s. WSI Falcon Infra Projects Private Limited (formerly WS Insulators Private Limited) wholly owned subsidiary of the Company.

Accordingly, M/s. WSI Falcon Infra Projects Private Limited (wholly owned subsidiary) in its meeting held today has allotted 65,000 First Tranche Optionally Fully Convertible Debentures ("First Tranche Series 1 OFCDs") and 65,000 First Tranche Optionally Fully Convertible Debentures ("First Tranche Series 3 OFCDs") To M/S. Prestige Exora Business Parks Limited on a private placement basis.

Shares of W S Industries (I) Limited was last trading in BSE at Rs. 127.75 as compared to the previous close of Rs. 137.50. The total number of shares traded during the day was 74260 in over 1845 trades.

The stock hit an intraday high of Rs. 142.40 and intraday low of 124.90. The net turnover during the day was Rs. 9766444.00.

Source : Equity Bulls

Keywords

WSIndustriesIndia INE100D01014 NCDs WSI