Sree Rayalaseema Hi Strength Hypo Ltd allots 2448132 warrants

The Board Allotment Committee of Sree Rayalaseema Hi Strength Hypo Ltd in its meeting held on 31.03.2017 had allotted 24,48,132 Convertible Warrants at an issue price of Rs. 98.19 /- per warrant (including premium of Rs. 88.19 /-) under preferential issue to Promoters of the Company Viz.,M/s Gowri Gopal Hospitals Private Limited , M/s T G V Projects And Investments Private Limited and T G Bharath.

In the same meeting, 7,74,562 warrants are converted into equity shares in the ratio of 1:1 under first tranche. Necessary listing application for listing of 7,74,562 shares will be submitted in due course.

Shares of SREE RAYALASEEMA HI-STRENGTH HYPO LTD. was last trading in BSE at Rs.125 as compared to the previous close of Rs. 124.7. The total number of shares traded during the day was 2532 in over 50 trades.

The stock hit an intraday high of Rs. 127.65 and intraday low of 122.9. The net turnover during the day was Rs. 312746.

Source : Equity Bulls

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