Tanla Solutions Ltd approves Preferential Issue of 14,83,928 equity shares to the Promoter

The Board of Directors of Tanla Solutions Ltd has today, through resolution passed by circulation approved allotment of 14,83,928 equity shares of Re.1/- each of the Company, fully paid-up, pursuant to conversion of warrants into equity to Ms. D. Tanuja Reddy.

The allotment of 14,83,928 equity shares to Ms. D. Tanuja Reddy will lead to an increase in shareholding percentage of promoters by 0.94% and pursuant to which, Promoter's stake will increase from 29.14% to 30.08% on the expanded capital base.

Shares of TANLA SOLUTIONS LTD. was last trading in BSE at Rs.35 as compared to the previous close of Rs. 35.25. The total number of shares traded during the day was 68920 in over 363 trades.

The stock hit an intraday high of Rs. 36.25 and intraday low of 34.8. The net turnover during the day was Rs. 2447690.

Source : Equity Bulls

Keywords