Sakthi Finance to consider allotment of 19893019 shares on March 31, 2012

A Meeting of the Allotment Committee of Directors of Sakthi Finance Ltd is proposed to be held on March 31, 2012, to consider and allot 1,98,93,019 equity shares on preferential basis to Promoter Group Companies and a Non-Promoter Company, subject to receipt of in-principle approval from Stock Exchange.

The Sakthi Finance Ltd stock closed the day at Rs.10.96, up by Rs.0.51 or 4.88%. The stock hit an intraday high of Rs.10.96 and low of Rs.10.

The total traded quantity was 1613 compared to 2 week average of 2798.

Source : Equity Bulls

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