Avonmore Capital & Management Services Ltd allots 3000000 warrants

Pursuant to the terms and conditions of the preferential allotment of Warrants, the Committee of the Board of Directors of Avonmore Capital & Management Services Ltd at its meeting held on August 08, 2014, has allotted 3000000 Warrants of Rs. 10/- each at price of Rs. 25/- each to allottees.

The aforesaid Warrants carries a right to subscribe equal number of equity shares of nominal value of Rs. 10/- each at a price of Rs. 25/- each, on conversion within a period of 18 months from the date of Allotment.

Shares of Avonmore Capital & Management Services Limited was last trading in BSE at Rs.21 as compared to the previous close of Rs. 20.45. The total number of shares traded during the day was 4005 in over 10 trades.

The stock hit an intraday high of Rs. 21 and intraday low of 20.4. The net turnover during the day was Rs. 83555.

Source : Equity Bulls

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