Mascon Global allots 43,45,000 shares at Rs.19

Mascon Global Ltd has announced that the Preferential Issue Committee of Board of Directors of the Company at its meeting held on March 30, 2007, has considered and approved the allotment of 43,45,000 no. of equity shares at a price of Rs 19 per shares (including premium of Rs 9/- per share) to Mr. K Chandra, Executive Chairman, CEO & CFO on conversion of the warrants allotted to him into equity. The Company has received the balance 90% of the funds in its account.

Shares of the company were last trading up by Re.0.92 or 9.56% at Rs.9.40 on volume of 662496 shares at a weighted average price of Rs.9.01.

Source : Equity Bulls

Keywords