Lloyds Steel Industries allots 244261802 shares at Rs.11.65

The Committee of the Board of Directors of Lloyds Steel Industries Ltd, pursuant to the receipt of in-principal approval from the stock exchanges, at their meeting held on March 17, 2012, allotted 244261802 Equity shares of Rs. 10/- each at a premium of Rs. 1.65 per share to State Bank of India (4,92,61,802 Equity Shares against part conversion of their existing loan), Shree Global Tradefin Limited (Promoter Group - 3,20,00,000 Equity Shares), Ultimate logistics Solutions Private Ltd. (Non Promoter - 8,15,00,000 Equity Shares) and Siddharth Holdings Pvt. Ltd. (Non Promoter) - 8,15,00,000 Equity Shares.

The Lloyds Steel Industries Ltd stock was trading at Rs.10.39, down by Rs.0.29 or 2.72%. The stock hit an intraday high of Rs.11.15 and low of Rs.10.30.

The total traded quantity was 1.60 lakhs compared to 2 week average of 1.60 lakhs.

Source : Equity Bulls

Keywords