RattanIndia Infrastructure Ltd allots 320000000 warrants

Pursuant to and in terms of shareholder's authorization as obtained in the 5th Annual General Meeting of the Company held on September 30, 2015 and subsequent receipt of in-principle approval of the Stock Exchanges, the Board of Directors of RattanIndia Infrastructure Ltd, has in its meeting held on December 03, 2015, issued and allotted 32,00,00,000 warrant of the Company, convertible into equivalent number of equity shares of face value Rs. 2 each, to a promoter group entity.

Shares of INDIABULLS INFRASTRUCTURE AND POWER LTD. was last trading in BSE at Rs.3.3 as compared to the previous close of Rs. 3.46. The total number of shares traded during the day was 855743 in over 230 trades.

The stock hit an intraday high of Rs. 3.49 and intraday low of 3.25. The net turnover during the day was Rs. 2848133.

Source : Equity Bulls

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