Shree Rajasthan Syntex Ltd approves allotment of 650000 Equity Shares

The Board of Directors of Shree Rajasthan Syntex Ltd in their meeting held on February 10, 2017, has allotted 6,50,000 equity shares of the face value of Rs. 10/- each at Rs. 10/- per share pursuant to conversion of 6,50,000 Warrants (ratio of 1 equity share for every 1 convertible warrant, for which Special Resolution was passed by the Members at the 36th Annual General Meeting of the Company held on September 26, 2016, to promoter / promoter group on preferential basis from whom the balance monies have been received before the date of allotment.

Shares of SHREE RAJASTHAN SYNTEX LTD. was last trading in BSE at Rs.14.26 as compared to the previous close of Rs. 14.1. The total number of shares traded during the day was 100 in over 1 trades.

The stock hit an intraday high of Rs. 14.26 and intraday low of 14.26. The net turnover during the day was Rs. 1426.

Source : Equity Bulls

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