Raunaq Automotive Components Ltd allots 10 lakhs Equity Shares on Preferential Basis

Pursuant to in-principle approval dated September 15, 2014 received from Bombay Stock Exchange, Raunaq Automotive Components Ltd has allotted 10,00,000 equity shares of face value Rs. 10/- at a price of Rs. 20 per share to Mr. Arendra Kumar on preferential basis.

Shares of RAUNAQ AUTOMOTIVE COMPONENTS LTD. was last trading in BSE at Rs.14.6 as compared to the previous close of Rs. 15. The total number of shares traded during the day was 425 in over 8 trades.

The stock hit an intraday high of Rs. 14.9 and intraday low of 14.35. The net turnover during the day was Rs. 6185.

Source : Equity Bulls

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