Panyam Cements & Mineral Industries allots warrants at Rs. 84.61

The Board of Directors of Panyam Cements & Mineral Industries Ltd at its Meeting held on March 17, 2016 have considered and allotted warrants to two entities.

EW India Special Assets Fund Pte Limited was allotted 673663 warrants convertible into equity shares of Rs. 10 each at a price of Rs. 84.61 (including premium of Rs. 74.61 per share) and Ecap Equities Limited was allotted 164397 warrants convertible into equity shares of Rs. 10 each at a price of Rs. 84.61 per share (including premium of Rs. 74.61 per share).

Shares of PANYAM CEMENTS & MINERAL INDUSTRIES LTD. was last trading in BSE at Rs.63 as compared to the previous close of Rs. 62.5. The total number of shares traded during the day was 8913 in over 132 trades.

The stock hit an intraday high of Rs. 63.9 and intraday low of 60. The net turnover during the day was Rs. 549931.

Source : Equity Bulls

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