Deep Industries allots 13,75,000 shares

The Board of Directors of Deep Industries Ltd at its meeting held on March 30, 2013, has allotted 13,75,000 Equity Shares of Rs. 10/- at a premium of Rs. 66/-per share to the allottees upon conversion of 13,75,000 Convertible Warrants which were allotted on December 09, 2011 at a price of Rs. 76/- per Warrant on Preferential basis.

Shares of Deep Industries Ltd last traded in BSE at Rs.37.25, up by Rs.5.75 or 8.25%. The stock hit an intraday high of Rs.37.80 and low of Rs.30.50.

The total traded quantity was 0.22 lakhs compared to 2 week average of 0.14 lakhs.

Source : Equity Bulls

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