VBC Ferro Alloys Ltd allots shares on conversion of warrants

OPL Renewable Energee Private Limited have subscribed for Rs.9,00,000 convertible warrants against their entitlement of total 9,00,000 by bringing the balance amount of Rs.33.75 for each warrant.

VBC Ferro Alloys Ltd issued 9,00,000 No. of Equity Shares of Rs.10/- each with a premium of Rs.35/- for each equity share to OPL Renewable Energee Private Limited by converting convertible warrants into Equity Shares.

Sourya Vidyut Nigam Private Limited have subscribed for Rs.4,68,000 convertible warrants against their entitlement of 7,50,000 by bringing the balance amount of Rs.33.75 for each warrant.

VBC Ferro Alloys Ltd issued 4,68,000 No. of Equity Shares of Rs.10/- each with a premium of Rs.35/- for each equity share to Sourya Vidyut Nigam Private Limited by converting convertible warrants into Equity Shares.

Shares of VBC FERRO ALLOYS LTD. was last trading in BSE at Rs.39.85 as compared to the previous close of Rs. 38.1. The total number of shares traded during the day was 647 in over 8 trades.

The stock hit an intraday high of Rs. 39.9 and intraday low of 37. The net turnover during the day was Rs. 24704.

Source : Equity Bulls

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