Hazoor Multi Projects attracts market attention after fresh equity allotment decision

Hazoor Multi Projects Ltd shares moved into focus after the company disclosed that its fund-raising committee approved the allotment of 82.47 lakh equity shares through warrant conversion. The update, released after market hours on December 22, led the stock to open higher before giving up gains amid profit booking. The allotment was carried out at an issue price of ₹30 per share, including a premium of ₹29, following the conversion of 8.24 lakh warrants post share sub-division.