Niraj Cement Structurals Ltd approves allotment of Convertible Warrants on Preferential Basis

After passing of the special resolution by the shareholders of Niraj Cement Structurals Ltd at its Extra-ordinary General Meeting held on January 10, 2017, the Management Committee of the Board of Directors at its meeting held on January 25, 2017 has issued and allotted 1,50,00,000 Convertible Warrants at a price of Rs. 16/- per Warrant to the allottees, entitling them for the subscription of equivalent number of equity shares of Rs. 10/- each (Including premium of Rs. 6/- per share) as per the provisions of Chapter VII of the SEBI ICDR Regulations.

Shares of NIRAJ CEMENT STRUCTURALS LTD. was last trading in BSE at Rs.35.5 as compared to the previous close of Rs. 31.65. The total number of shares traded during the day was 232270 in over 776 trades.

The stock hit an intraday high of Rs. 36 and intraday low of 32.55. The net turnover during the day was Rs. 8072038.

Source : Equity Bulls

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