HLV Limited board approves preferential issue to promoter group

The Board of directors of HLV Limited at its meeting held today has approved to offer and issue 3,14,64,500/- equity shares of the Company to M/s. Rockfort Estate Developers Private Limited, a promoter group Company, on preferential basis against conversion of loan due to them for an amount not exceeding Rs.30 crores at a price to be determined in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 subject to requisite regulatory approvals and approval of shareholders.

Shares of HOTEL LEELAVENTURE LTD. was last trading in BSE at Rs.9.44 as compared to the previous close of Rs. 9.74. The total number of shares traded during the day was 152605 in over 347 trades.

The stock hit an intraday high of Rs. 10 and intraday low of 9.12. The net turnover during the day was Rs. 1457740.

Source : Equity Bulls

Keywords