Swan Energy Ltd allots 23077000 shares

The Board of Directors of Swan Energy Ltd vide resolution passed at the meeting dated Apr 11, 2017 has approved the allotment of 2,30,77,000 equity shares of Rs. 1/- each at a price of Rs. 195/- (including premium of Rs. 194 per shae) to 2i Capital PCC on preferential basis pursuant to the receipt of subscription amount of Rs. 450,00,15,000.

Shares of SWAN ENERGY LTD. was last trading in BSE at Rs.139.9 as compared to the previous close of Rs. 141.15. The total number of shares traded during the day was 60160 in over 430 trades.

The stock hit an intraday high of Rs. 142.45 and intraday low of 139.9. The net turnover during the day was Rs. 8480933.

Source : Equity Bulls

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