MT Educare Ltd allots 3,19,64,200 shares

The Board of MT Educare Ltd at its meeting held on Tuesday, March 27, 2018 has allotted 3,19,64,200 (Three Crores Nineteen Lakhs Sixty Four Thousand & Two Hundred) Equity Shares (face value of Rs.10/- each and Premium of Rs. 52.57/- each) at a price of Rs. 62.57/- each being the floor price calculated in accordance with Securities and Exchange of Board of India ('SEBI') (Issue of Capital Disclosure Requirements) Regulations, 2009 to Zee Learn Limited on preferential basis.

The Preferential allotment was approved by the members of the Company in the Extra-Ordinary General Meeting held on March 12, 2018 and in-principle approvals was received from BSE Limited and National Stock Exchange of India Limited vide their letter dated March 22, 2018 and March 16, 2018, respectively, in accordance with the SEBI (LODR) Regulations, 2015.The meeting of the Board of Directors of the Company commenced at 3.30 pm and concluded at 04.45 p.m.

Shares of MT EDUCARE LTD. was last trading in BSE at Rs.70.2 as compared to the previous close of Rs. 69.75. The total number of shares traded during the day was 2681 in over 10 trades.

The stock hit an intraday high of Rs. 70.2 and intraday low of 69.8. The net turnover during the day was Rs. 187872.

Source : Equity Bulls

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