Shares of Kopran has rallied 8% to Rs 61.05 on BSE after the company said it has allotted 2.05 million equity shares and 2.15 million warrants, worth of Rs 27.72 crore, to Oricon Properties Private Limited, a promoter group company.
“The Corporate Affairs Committee of the company, on November 26, has allotted 2.05 million equity shares of face value Rs 10 at a premium of Rs 56 each and 2.15 million warrants at Rs 66 each to be converted in equity shares of face value 10 at a premium of Rs 56 to Oricon Properties Private Limited, a promoter group company,” Kopran said in a regulatory filing.
As of September 2014, Oricon Properties Private Limited holds 4.51% stake in the company, the shareholding pattern data shows.
The stock opened at Rs 63.10 and touched a high of Rs 64.95 on BSE. The trading volumes on the counter more than doubled with a combined 1.56 million shares changed hands on the counter till 1348 hours on BSE and NSE.
“The Corporate Affairs Committee of the company, on November 26, has allotted 2.05 million equity shares of face value Rs 10 at a premium of Rs 56 each and 2.15 million warrants at Rs 66 each to be converted in equity shares of face value 10 at a premium of Rs 56 to Oricon Properties Private Limited, a promoter group company,” Kopran said in a regulatory filing.
As of September 2014, Oricon Properties Private Limited holds 4.51% stake in the company, the shareholding pattern data shows.
The stock opened at Rs 63.10 and touched a high of Rs 64.95 on BSE. The trading volumes on the counter more than doubled with a combined 1.56 million shares changed hands on the counter till 1348 hours on BSE and NSE.
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