Bharat Gears Ltd approves issue of 325000 shares

The Finance Committee of Board of Directors of Bharat Gears Ltd at its meeting held on 18th September, 2017 considered and approved the issue of 3,25,000 (Three Lacs Twenty Five Thousand) Equity Shares having the face value of Rs. 10/- (Rupees Ten Only) each to Mr. Surinder P. Kanwar, Promoter of the Company on preferential basis subject to such other necessary regulatory approvals as may be required in this regard. The Equity Shares shall be issued at a price which shall be arrived as per the provisions of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended.

Shares of BHARAT GEARS LTD. was last trading in BSE at Rs.160.7 as compared to the previous close of Rs. 155.55. The total number of shares traded during the day was 20276 in over 278 trades.

The stock hit an intraday high of Rs. 169 and intraday low of 153.5. The net turnover during the day was Rs. 3284087.

Source : Equity Bulls

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