Texmo Pipes & Products Ltd allots 12 lakh shares

The Board of Directors of Texmo Pipes & Products Ltd at its Meeting held on Friday, 06th October, 2017 at the Registered Office of the Company, at 2:30 P.M. and concluded at 3:50 PM, has allotted 12,00,000 (Twelve Lakhs) Equity Share of face value of Rs. 10/- (Rupees Ten only) each at a price of Rs. 22/- (Rupees Twenty Two only) per share including premium of Rs. 12/- (Rupees Twelve only ) per Equity Share, aggregating to Rs. 2,64,00,000/- (Rupees Two Crores Sixty Four Lakhs only) to Shree Padmavati Irrigation Private Limited, Promoter Group Company on preferential basis.

Shares of TEXMO PIPES & PRODUCTS LTD. was last trading in BSE at Rs.22.4 as compared to the previous close of Rs. 21.6. The total number of shares traded during the day was 26318 in over 118 trades.

The stock hit an intraday high of Rs. 23.1 and intraday low of 22. The net turnover during the day was Rs. 590864.

Source : Equity Bulls

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