HMPL stock price, Dec. 20 -- BSE-listed real estate and infrastructure development firm Hazoor Multi Projects Limited (HMPL) has declared allotment of shares against warrants, raising Rs.6.29 crore.

This major update will mean that the small-cap stock HMPL under Rs.50 will be in focus on Monday as markets open, as investors will track its movement.

HMPL in a stock exchange filing on Friday after market hours said its board had approved the allotment of 27,96,670 equity shares pursuant to the conversion of 2,79,667 warrants. This was done after the company's fund raising committee held a meeting on Friday, 19 December.

The equity shares were allotted at an effective price of Rs.30 apiece, with a premium of Rs.29 per share, according to ...