Vama Industries Ltd approves preferential issue

Pursuant to the Special Resolution passed by the members, through Postal Ballot, approving the preferential issue of 12,20,000 equity shares and 4,50,000 warrants, the Board of Directors of Vama Industries Ltd at its meeting held on July 16, 2015 have approved the said issue of securities and the private placement offer letter (PAS-4) in connection thereof.

Shares of VAMA INDUSTRIES LTD. was last trading in BSE at Rs.36.75 as compared to the previous close of Rs. 39.25. The total number of shares traded during the day was 3558 in over 27 trades.

The stock hit an intraday high of Rs. 41.95 and intraday low of 36.75. The net turnover during the day was Rs. 134082.

Source : Equity Bulls

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