Board of WEP Solutions approves preferential allotment of shares

At meeting held on 23 December 2016

WEP Solutions announced that the Board of Directors of the company at its meeting held on 23 December 2016 has decided to issue and allot 20 lakh equity shares of Rs 10 each at a price of Rs 50 per share for a total consideration of Rs 10 crore to the proposed allottees on preferential basis. The Board also allotted 25,200 equity shares of Rs 10 each under ESOP 2011.

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