MosChip Semiconductor approves allotment of warrants at Rs. 45

The Board of Directors of MosChip Semiconductor Technology Limited through Circular Resolution circulated on 20th July, 2018 and consent given by majority directors as on 20th July, 2018 has approved the allotment of 44,44,444 warrants to JBM Resorts Private Limited and 22,22,222 warrants to MouriTech LLC at a price of Rs. 45 /- (including a Premium of Rs. 43 /-) on preferential basis.

Shares of MOSCHIP SEMICONDUCTOR TECHNOLOGY LTD. was last trading in BSE at Rs.28.6 as compared to the previous close of Rs. 29.75. The total number of shares traded during the day was 32836 in over 89 trades.

The stock hit an intraday high of Rs. 29.85 and intraday low of 27.5. The net turnover during the day was Rs. 958991.

Source : Equity Bulls

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