Man Industries (India) Ltd allots shares to Kobe Steel Ltd

The Board of Directors of Man Industries (India) Ltd has on May 02, 2012 approved the allotment of 1,818,181 equity shares of Rs. 5/- each at a price of Rs. 165/- (including premium of Rs. 160/-) per share aggregating to Rs. 29,99,99,865/- on preferential basis to Kobe Steel Ltd, as per provisions of Chapter VII of Securities Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2009.

The paid-up capital of the Company has increased from Rs. 27,64,24,370/- to Rs.28,55,15,275/-.

The Man Industries (India) Ltd stock was trading at Rs.99.10, up by Rs.0.35 or 0.35%. The stock hit an intraday high of Rs.103.90 and low of Rs.97.

The total traded quantity was 0.73 lakhs compared to 2 week average of 0.27 lakhs.

Source : Equity Bulls

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