Avonmore Capital & Management Services Ltd allots 30 lakh shares

Pursuant to the terms and conditions of the preferential allotment of Equity Warrants, the Committee of the Board of Directors of Avonmore Capital & Management Services Ltd at its meeting held on September 05, 2014, has allotted 3000000 Equity Shares of Rs. 10/- each at a premium of Rs. 15/- each arising out of conversion of 3000000 Equity Warrants to Amarendra Financials Pvt Ltd - 1500000 Equity Shares and Dinkar Commercials Pvt Ltd - 1500000 Equity Shares.

With the allotment of the abovesaid equity shares, the equity base of the Company shall increase from the present level of 21270900 (Nos.) to 24270900 (Nos.) Equity Shares of Rs. 10/- each and consequently, the Paid-up Capital of the Company has increased from Rs. 219217131/- to Rs. 249217131/-.

Shares of Avonmore Capital & Management Services Limited was last trading in BSE at Rs.21.75 as compared to the previous close of Rs. 19.8. The total number of shares traded during the day was 270 in over 6 trades.

The stock hit an intraday high of Rs. 21.75 and intraday low of 17.9. The net turnover during the day was Rs. 4871.

Source : Equity Bulls

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