Allianz Capital allots 2825000 shares to promoter

Allianz Capital & Management Services Ltd has announced that pursuant to the terms and conditions on the preferential allotment of Equity Shares, the Committee of the Board of Directors (CoD) of the Company at its meeting held on March 30, 2007, has allotted 2825000 Equity Shares of Rs 10/- each at a premium of Rs 27.76 each to Mr. Navjeet Singh Sobti, one of the promoters of the Company.

With the allotment of the abovesaid equity shares, the equity base of the Company shall increase from the present level of 6685000 (Nos) to 9510000 (Nos) Fully Paid-up Equity Shares of Rs 10/- each. And consequently, the Paid-up Capital of the Company has increased from Rs 7,33,58,131/- to Rs 10,16,08,131/-.

Shares of the company closed the day down by Re.0.70 or 1.72% at Rs.40. The total traded quantity was 3630 shares compared to 2 week average quantity of 6164 shares.

Source : Equity Bulls

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