Gopala Polyplast Ltd allots 5 lakh warrants

Pursuant to the resolution passed by the shareholders of Gopala Polyplast Ltd in the Extra-ordinary General Meeting held on March 25, 2017, the In-Principle Approval of BSE Limited and on receipt of the 25% of the issue price (i.e. Rs. 3,00,00,000/-), the Board of Directors of the Company at their meeting held on April 4, 2017 have allotted 5,00,000 warrants of Rs. 60/- each convertible into 5,00,000 Equity Shares of Rs. 10/- each fully paid up at a premium of Rs. 50/- per share to the allottees who are Non-Promoters.

Shares of GOPALA POLYPLAST LTD. was last trading in BSE at Rs.62.5 as compared to the previous close of Rs. 63.65. The total number of shares traded during the day was 61381 in over 95 trades.

The stock hit an intraday high of Rs. 65.75 and intraday low of 62.5. The net turnover during the day was Rs. 3920353.

Source : Equity Bulls

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