Goodluck India Ltd approves preferential issue of shares, warrants

The Board of Directors of Goodluck India Ltd in its meeting held today, October 29, 2022 which commenced at 10.00 A.M. and concluded at 10:55 A.M., has considered and approved the preferential issue.

Subject to the approval of the members and other authorities concerned, the board approved proposal to issue on preferential basis, upto 10,00,000 (ten lakhs) warrants (hereinafter referred to as "Convertible Warrant"), at an exercise price of Rs. 450/- per underlying equity share of the face value of Rs. 2/- each (including a premium of Rs. 448/- per equity Share) or such higher issue price as may be determined as per the SEBI (ICDR) Regulations, 2018, to the promoter category and 12,50,000 (twelve lakhs Fifty Thousand) equity shares (hereinafter referred to as "shares"), at an issue price of Rs. 450/- per equity share of the face value of Rs. 2/- each (including a premium of Rs. 448/- per equity Share) or such higher issue price as may be determined as per the SEBI (ICDR) Regulations, 2018, to the non-promoter category.

Shares of Goodluck India Limited was last trading in BSE at Rs. 439.20 as compared to the previous close of Rs. 431.65. The total number of shares traded during the day was 6047 in over 1160 trades.

The stock hit an intraday high of Rs. 442.75 and intraday low of 429.60. The net turnover during the day was Rs. 2646116.00.

Source : Equity Bulls

Keywords

GoodluckIndia INE127I01024 PreferentialIssue ConvertibleWarrants EquityShares