Cubex Tubings allots 24,10,575 shares

The Board of Directors of Cubex Tubings Ltd at its meeting held on May 06, 2013, has allotted 24,10,575 Equity shares of Rs. 10/- each at a premium of Rs. 5/- per share (16,50,000 to the persons belonging to promoter group and 7,60,575 Equity shares to the persons other than promoter group), upon conversion of equal number of warrants, accordingly promoter holding has increased from 39.22% to 44.14%.

Shares of Cubex Tubings Ltd was last trading in BSE at Rs.4.32, down by Rs.0.08 or 1.82%. The stock hit an intraday high of Rs.4.40 and low of Rs.4.32.

The total traded quantity was 287 compared to 2 week average of 169.

Source : Equity Bulls

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