Empee Distilleries Ltd approves conversion of 1166860 share warrants into Equity shares

The Board of Directors of Empee Distilleries Ltd at its meeting held on March 21, 2017 at 11:30 AM and concluded at 1:30 PM have approved the conversion of 1166860 share warrants into Equity shares.

939727 share warrants were converted into 939727 equity shares of Rs. 10 each at a premium of Rs. 54.64 per share (Rs. 64.54 per share including premium) to EW India Special Assets Fund Ptd. Ltd.

227133 share warrants converted into 227133 equity shares of Rs. 10 each at a premium of Rs. 54.64 per share (Rs. 64.54 per share including premium) to Edelcap Securities Limited.

Shares of EMPEE DISTILLERIES LTD. was last trading in BSE at Rs.52.95 as compared to the previous close of Rs. 53.3. The total number of shares traded during the day was 62815 in over 298 trades.

The stock hit an intraday high of Rs. 55.5 and intraday low of 52.55. The net turnover during the day was Rs. 3343715.

Source : Equity Bulls

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