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IMP Powers has informed the BSE that pursuant to the approval of the members by way of Postal Ballot on July 3, 2015, the executive committee of the board of directors on Wednesday allotted 3.36 lakh equity shares of ₹10 each at ₹80 a share amounting to ₹2.69 crore on preferential basis to Universal Transformers Pvt Ltd (Promoter Group company). The stock of IMP Powers closed at ₹66.40, down 1.2 per cent, on the BSE.
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