Gujarat Craft Industries allots 565000 shares

The Board of Directors of Gujarat Craft Industries Ltd at its meeting held on October 28, 2013 has allotted 5,65,000 Equity Shares of Rs. 10/- each @ premium of Rs. 17/- per Equity Share to Promoters and Promoters Group on Preferential basis upon conversion of 5,65,000 Equity Warrants of Rs. 10/-each @ premium of Rs.17/- per Warrant.

Shares of Gujarat Craft Industries Ltd was last trading in BSE at Rs.8.56, up by Rs.0.40 or 4.90%. The stock hit an intraday high of Rs.8.56 and low of Rs.8.56.

The total traded quantity was 200 as compared to 2 week average of 76.

Source : Equity Bulls

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