PVP Ventures Limited allots 24,50,980 shares

The Board of directors of PVP Ventures Limited at its meeting held today i.e. 28th April, 2023 has considered and approved the allotment of 24,50,980 fully paid-up Equity Shares of Rs.10/- each of the Company pursuant to the conversion of 5000, 14.5% Fully Convertible Debentures, having face value of Rs.100,000/- each at a conversion price of Rs.204/- per share pursuant to the Scheme of Amalgamation sanctioned by the Hon’ble High Court of Madras on April 25, 2008. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company has been increased from Rs.245,05,27,010/- divided into 24,50,52,701 Equity Shares of Rs.10/- each to Rs.247,50,36,810/-divided into 24,75,03,681 Equity Shares of Rs.10/- each.

Shares of PVP Ventures Limited was last trading in BSE at Rs. 10.17 as compared to the previous close of Rs. 10.61. The total number of shares traded during the day was 70258 in over 118 trades.

The stock hit an intraday high of Rs. 10.62 and intraday low of 10.13. The net turnover during the day was Rs. 724713.00.

Source : Equity Bulls

Keywords

PVPVentures INE362A01016 RealEstate Residential Commercial SharesAllotment