D.B.Corp Ltd invests Rs.26.7 million in DMC Education

DMC Education Ltd has entered into a Debenture Subscription Agreement with D.B.Corp Ltd. for issue and allot, subject to necessary statutory approval, 1(One) Zero %age Fully Convertible Debentures of the Company having a par value of Rs. 2,67,00,000/-, compulsorily convertible into Equity Shares with a face value of Rs. 5/- each at the end of 1(One) year from the date of allotment amounting to 26.7 million.

The Company will spend the subscription amount for advertisement and brand building of the Company.

The stock was trading at Rs.10.95, up by Rs.0.67 or 6.52%. The stock hit an intraday high of Rs.10.95 and low of Rs.9.50.

The total traded quantity was 3.38 lakhs compared to 2 week average of 1.02 lakhs.

Source : Equity Bulls

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