Wanbury Ltd approves preferential issue under CDR

The Board of Directors of Wanbury Ltd at its meeting held on May 18, 2016, has approved the appointment of Mr. Rajesh Bahal as Director, Sales & Marketing - Formulation Division of the Company.

The Board also approved the appointment of Mr. Vinod Verma as Chief Financial Officer of the Company.

The Board approved the issue of Shares on Preferential basis to Expert Chemicals (India) Pvt. Ltd., Promoters of the Company at Rs. 37.50/- as per CDR Scheme.

The Board also approved the issue of 5,00,000 CCDs to Edelweiss Asset Reconstruction Company (EARC) at Rs.200/- per debenture to be converted into equal number of equity shares after 18 Months.

The Board approved the issue and grant of new Employee Stock Option Scheme (ESOS) to employee/s of the Company in place of the Old ESOP Scheme 2015 which shall stand withdrawn.

Shares of WANBURY LTD. was last trading in BSE at Rs.44 as compared to the previous close of Rs. 43.5. The total number of shares traded during the day was 6347 in over 40 trades.

The stock hit an intraday high of Rs. 44 and intraday low of 41.55. The net turnover during the day was Rs. 273552.

Source : Equity Bulls

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