MoneyWorks4Me

Samtex Fashions allots equity shares

28 Nov 2011 Evaluate

Samtex Fashions has informed that the board of directors of the company at its meeting held on November 26, 2011, has issued or allotted 50,00,000 no. of warrants convertible into equal number of equity shares of Rs. 10 each at a price of Rs. 28 to promoters and other than promoters, as approved in the company's AGM dated September 30, 2011, on preferential basis with 25% paid up that is Rs. 7 paid per warrant.

The above information is part of the company’s filing submitted to the BSE.

Peers
Company Name CMP
Vardhman Textiles 539.80
Welspun Living 228.00
Arvind 543.85
Raymond Lifestyle 671.70
K.P.R. Mill 1100.55
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