Orient Abrasives Ltd allots 62,96,800 warrants

The Executive Committee of the Board of Directors of Orient Abrasives Ltd at its meeting held on Friday, 2nd February, 2018 has allotted 62,96,800 (Sixty Two Lakhs Ninety Six Thousands Eight Hundred) Convertible Warrants at a price of Rs. 51.31/- per warrant, convertible into Equity Shares of Re. 1/- each into one or more tranches, to Mr. Manan Chetan Shah, Promoter Group Member as per the provisions of SEBI (ICDR) Regulations, 2009.

Shares of ORIENT ABRASIVES LTD. was last trading in BSE at Rs.45.95 as compared to the previous close of Rs. 48.35. The total number of shares traded during the day was 13825 in over 61 trades.

The stock hit an intraday high of Rs. 47.85 and intraday low of 45.95. The net turnover during the day was Rs. 645857.

Source : Equity Bulls

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