Sadbhav Engineering Ltd allots 80 lakh Equity Shares against conversion of Convertible Warrants

Sadbhav Engineering Ltd has allotted 80,00,000/-equity shares of Re. 1/- each to the persons belonging to the promoter and promoter group of the Company on exercise of options for conversion of Convertible Warrants.

Post allotment, the paid up Equity Share Capital of the Company would stands at 15,98,61,800 equity shares of Re. 1/- each aggregating to Rs. 15,98,61,800/-.

Shares of SADBHAV ENGINEERING LTD. was last trading in BSE at Rs.216 as compared to the previous close of Rs. 224.4. The total number of shares traded during the day was 25873 in over 1703 trades.

The stock hit an intraday high of Rs. 225.6 and intraday low of 216. The net turnover during the day was Rs. 5724116.

Source : Equity Bulls

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