Pradip Overseas Ltd allots Preference Shares

Pradip Overseas Ltd had allotted 38,98,000 (Thirty Eight Lacs Ninety Eight Thousand) 2%, Non Cumulative Non Convertible Redeemable Preference Shares (NCNCRPS) of Rs. 100/- (Rupees hundred) each at par aggregating to Rs. 38,98,00,000 (Rupees Thirty Eight Crores Ninety Eight Lacs Only) on private placement basis to the Promoters and Promoter's relatives of the Company at July 29, 2014.

The Company had issued aforesaid shares in Physical form and does not intent to enlist the aforesaid shares on Stock exchange.

Shares of Pradip Overseas Ltd was last trading in BSE at Rs.3.47 as compared to the previous close of Rs. 3.92. The total number of shares traded during the day was 141202 in over 494 trades.

The stock hit an intraday high of Rs. 4.1 and intraday low of 3.31. The net turnover during the day was Rs. 508810.

Source : Equity Bulls

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