VEDAVAAG Systems Ltd approves allotment of warrants at Rs. 39

In terms of special resolution passed by the members of VEDAVAAG Systems Ltd at its EGM held on January 04, 2017 and in accordance with the in principle approval granted by stock exchange vide letter dated January 13, 2017, the Board of Directors of the Company at their meeting held on January 18, 2017, have approved the allotment of 1,00,00,000 warrants convertible into equity shares at an issue price of Rs. 39/- (including premium of Rs.29 per share) on receipt of requisite amount to the promoters and others on preferential basis in accordance with SEBI (Issue of Capital Disclosure requirements) Regulations 2009.

Shares of VEDAVAAG SYSTEMS LTD. was last trading in BSE at Rs.82.9 as compared to the previous close of Rs. 83.15. The total number of shares traded during the day was 227009 in over 345 trades.

The stock hit an intraday high of Rs. 83.15 and intraday low of 80.75. The net turnover during the day was Rs. 18833548.

Source : Equity Bulls

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