Consolidated Securities allots 675000 shares

The Board of Directors of Consolidated Securities Ltd at its meeting held on April 10, 2012 have issued & allotted 6,75,000 (Six lacs seventy five thousand) equity shares out of the total convertible warrants of 10,00,000 (Ten lacs) to the warrant holder- M/s. Mundra Credit and Investment Private Limited (Promoter) at a price of Rs. 45/- which includes a premium of Rs. 35/- per share from whom the Company has already received the requisite subscription money.

Pursuant to the aforesaid allotment of equity shares, the paid-up capital of the Company has been increased from Rs. 3,68,22,070 to Rs. 4,35,72,070.

The Consolidated Securities Ltd stock was trading at Rs.26.50, up by Rs.0.75 or 2.91%. The stock hit an intraday high of Rs.26.50 and low of Rs.25.05.

The total traded quantity was 1965 compared to 2 week average of 1698.

Source : Equity Bulls

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