 "Aurionpro Solutions surges 20% on preferential issue plan")
Aurionpro Solutions is locked at the upper circuit of 20% at Rs 236 on the BSE after the information technology company announced a fund raising plan through the issue of equity shares and warrants on a preferential basis.
“The board of directors of the company vide its resolution dated August 17, 2015, has resolved to issue up to 2.5 million equity shares of Rs 10 each and 1.24 million warrants convertible into equity shares of Rs 10 each on a preferential basis at a price to be finalized as per the applicable SEBI Regulations,” Aurionpro Solutions said in a BSE filing. This is subject to the approval of members of the company and other statutory /regulatory approvals, the company added.
The trading volumes on the counter jumped more than five-fold, with a combined 371,952 shares changing hands on the BSE and NSE. There were pending buy orders for 38,937 shares on both the exchanges.
“The board of directors of the company vide its resolution dated August 17, 2015, has resolved to issue up to 2.5 million equity shares of Rs 10 each and 1.24 million warrants convertible into equity shares of Rs 10 each on a preferential basis at a price to be finalized as per the applicable SEBI Regulations,” Aurionpro Solutions said in a BSE filing. This is subject to the approval of members of the company and other statutory /regulatory approvals, the company added.
The trading volumes on the counter jumped more than five-fold, with a combined 371,952 shares changing hands on the BSE and NSE. There were pending buy orders for 38,937 shares on both the exchanges.