The board of Hi-Tech Pipes allotted 55.40 lakh fully convertible equity warrants at 7692 each, aggregating to Rs 383.36 crore to the promoter, promoter group and non-promoter group categories. The company said that the warrants will be converted into fully paid-up equity shares within 18 months from the date of allotment of warrants.
Hi-Tech Pipes Limited (HTPL) one of India’s leading ERW pipe manufacturers and suppliers reported the best quarter that ended in December 2023. The company also allotted `383 crore worth of share warrants. The board of directors met on January 28, 2023, to discuss the stock split and announce Q3FY23 results
Shares of Hi-Tech Pipes Limited have yielded multi-bagger returns to its investors. According to exchange data, the stock has spurted almost 90 percent in the past 6 months on the back of a strong business. In the last one month, the stock price has rallied 36 percent, from `708 per share on December 23, 2023, to `965 per share on January 20, 2023.
Diese Geschichte stammt aus der January 30, 2023-Ausgabe von Dalal Street Investment Journal.
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Diese Geschichte stammt aus der January 30, 2023-Ausgabe von Dalal Street Investment Journal.
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