Sat Industries Ltd allots 6925000 shares, 4000000 warrants

The Board of Directors of Sat Industries Ltd at its meeting held on July 21, 2014 allotted 6925000 number of equity shares of Rs. 2/- each at a premium of Rs. 0.10 per share and also 4000000 number of warrants convertible into equity shares at a consideration of Rs. 2.10 per warrant in accordance with the Chapter VII of the Securities and Exchange Board of India (Issue of capital and Disclosure Requirements) Regulations, 2009 as amended to promoters and non-promoters.

Shares of SAT INDUSTRIES LTD. was last trading in BSE at Rs.2.58 as compared to the previous close of Rs. 2.59. The total number of shares traded during the day was 33151 in over 27 trades.

The stock hit an intraday high of Rs. 2.7 and intraday low of 2.47. The net turnover during the day was Rs. 86658.

Source : Equity Bulls

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