Stampede Capital Ltd to issue shares, warrants on preferential basis

The company is proposing issue of Equity Shares/Warrants convertible into Equity shares under preferential category.

The Equity Shares / Warrants convertible into Equity shares are to be issued for an amount not exceeding Rs.100 crores.

The allotment is proposed to 13 persons under non promoter category who are not related to each other and are acting independently. The pricing of the securities would be in accordance with Regulation 76(4) of SEBI (ICDR)Regulations,2009 and the quantum of shares would be equivalent to Rs.100 crores.

The Equity warrants will get converted into equal number of Equity shares with in a period of 18 months from the date of allotment of securities.

Shares of Stampede Capital Limited was last trading in BSE at Rs.20.7 as compared to the previous close of Rs. 22.25. The total number of shares traded during the day was 3313266 in over 1813 trades.

The stock hit an intraday high of Rs. 23.6 and intraday low of 20.2. The net turnover during the day was Rs. 73774640.

Source : Equity Bulls

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