The board of Aurionpro Solutions has approved issue of 25.03 lakh equity shares of ₹10 each and 12.40 lakh warrants convertible into equity shares of ₹10 each on preferential basis at a price to be finalised according to SEBI regulations. The decision is subject to approvals from shareholders and other statutory and regulatory bodies. The stock of Aurionpro Solutions jumped 20 per cent at ₹235.55 on the NSE.
Man Industries (India) has informed the exchanges that the NSE has approved its demerger proposal. According to the scheme of arrangement, the company will demerge its saw pipes, real estate and infrastructure operations and subsequently merge the divisions into Man Infraprojects. Under the scheme of demerger, shareholders of Man Industries will be issued one share of the real estate entity for every share held. Shares of Man Industries on Monday closed 6.7 per cent higher at ₹125.60 on the NSE.
Mercator has informed the exchanges that Mercator Petroleum Ltd, one of its subsidiaries, made an oil discovery in its second well Jyoti-2, Block CB-ONN-2005/9 of Cambay Basin, India. MPL had been been awarded two oil blocks in the Cambay Basin under NELP VII by the Government of India. Shares of Mercator surged 13.7 per cent at ₹23.25 on the NSE.