Rohit Ferro-Tech allots 2,50,00,000 equity shares at Rs.60

The Board of Directors of Rohit Ferro-Tech Ltd at its meeting held on February 20, 2012 has allotted 250,00,000 equity shares of Rs.10 each at a price of Rs.60 per share (including a premium of Rs.50 per share) on preferential basis.

The allottees from Promoter Group include Poddar Mech Tech Services Private Limited (24,62,485 equity shares), Vasupujya Enterprises Private Limited (2,61,600 equity shares), Arthodock Vinimay Private Limited (12,50,000 equity shares), VNG Mercantiles Private Limited (4,75,000 equity shares), Shreyansh Leafin Private Limited (79,93,150 equity shares) and Whitestone Suppliers Private Limited (79,07,765 equity shares).

The Non-Promoter allottees include Trilok Advisory Private Limited (21,30,000 equity shares), Oleander Manufacturers & Credit Limited (8,40,000 equity shares), Elgin Sales Promotion Limited (8,40,000 equity shares) and Galore Suppliers Private Limited (8,40,000 equity shares).

The Rohit Ferro-Tech Ltd stock was trading at Rs.41.35, down by Rs.0.10 or 0.24%. The stock hit an intraday high of Rs.43 and low of Rs.41.

The total traded quantity was 2.42 lakhs compared to 2 week average of 1.43 lakhs.

Source : Equity Bulls

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