B.A.G. Films and Media allots 50,00,000 Equity Shares

B.A.G. Films and Media Ltd has in the meeting of Investor Grievance Committee of the Board of Directors of the Company held on April 05, 2012 allotted 50,00,000 equity shares of Rs. 2/- each, by conversion of 50,00,000 warrants, to M/s. ARVR Communications Private Limited (Formerly known as Anu Films and Communications Private Limited) of New Delhi-110017, at a price of Rs. 17.70/- per share (including a premium of Rs. 15.70/- per share).

The B.A.G. Films and Media Ltd stock closed the day at Rs.4.65, up by Rs.0.14 or 3.10%. The stock hit an intraday high of Rs.4.96 and low of Rs.4.40.

The total traded quantity was 1.33 lakhs compared to 2 week average of 0.33 lakhs.

Source : Equity Bulls

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