Gulshan Polyols Ltd approves allotment of securities at Rs. 175

The Board of Directors of Gulshan Polyols Ltd at its meeting held on October 09, 2014, have considered and approved the Preferential Allotment of securities, in accordance with the SEBI (ICDR) Regulations, 2009, to the Foreign Institutional Investor (FII).

The Board approved allotment of 4,35,000 (Four Lacs Thirty Five Thousand Only) Equity Shares at a price of Rs. 175/- (Rupees One Hundred & Seventy Five only) per equity share and 5,00,000 (Five Lacs Only) Convertible Warrants into Equity Shares at a price of Rs.175/- (Rupees One Hundred & Seventy Five only) per equity share.

Shares of GULSHAN POLYOLS LTD. was last trading in BSE at Rs.211.85 as compared to the previous close of Rs. 213.65. The total number of shares traded during the day was 4979 in over 187 trades.

The stock hit an intraday high of Rs. 224.95 and intraday low of 210.05. The net turnover during the day was Rs. 1075499.

Source : Equity Bulls

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