Vikas Ecotech Ltd allots 25660000 shares

Subsequent to the special resolution passed by the members at Extra Ordinary General Meeting of Vikas Ecotech Ltd held on Wednesday, 15th February, 2017, The company had allotted 2,56,60,000 equity shares of Re 1/- each at a premium of Rs. 16/- in its Board meeting held on 04.03.2017 & 16.03.2017 to non-promoters on preferential basis.

This resulted in the decrease of 4% in promoter shareholding of the Company from 43.51% to 39.52%.

Shares of VIKAS GLOBALONE LTD. was last trading in BSE at Rs.21.75 as compared to the previous close of Rs. 21.85. The total number of shares traded during the day was 946940 in over 1758 trades.

The stock hit an intraday high of Rs. 22.65 and intraday low of 21.65. The net turnover during the day was Rs. 20945121.

Source : Equity Bulls

Keywords