Patel Integrated Logistics Ltd allots 649311 shares

The Board of Directors of Patel Integrated Logistics Ltd at its meeting held on 12th July 2017 approved Allotment of 6,49,311 Equity Shares of face value of Rs.10/- each on conversion of same no. of Convertible Equity Warrants fully paid up at an issue price for Rs. 115/- (including premium of Rs.105/-) per Equity Warrant by the Company on preferential basis to Strategic Investor, Frontline Strategy Limited, a company registered in Mauritius, not forming part of the Promoter Group of the Company in terms of SEBI (ICDR) Regulations, 2009 and as per special resolution passed by the members at their Extra Ordinary General Meeting held on 28th December 2015.

Consequent to such allotment, the Paid-up Equity Share Capital of the Company has increased from Rs.15,88,66,120/- consisting of 1,58,86,612 equity shares of Rs.10/- each to Rs. 16,53,59,230/- consisting of 1,65,35,923 equity shares of Rs.10/- each.

Shares of PATEL INTEGRATED LOGISTICS LTD.-$ was last trading in BSE at Rs.92.85 as compared to the previous close of Rs. 87.15. The total number of shares traded during the day was 58466 in over 557 trades.

The stock hit an intraday high of Rs. 96 and intraday low of 86. The net turnover during the day was Rs. 5377258.

Source : Equity Bulls

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