Solar Industries India allots 774195 shares to Oman India Joint Investment Fund

The Board of Directors of Solar Industries India Ltd at its meeting held on September 06, 2012, have issued and allotted 7,74,195 Equity Shares at an issue price of Rs. 930 per share (face value of Rs. 10/- each at a premium of Rs. 920 per share) to Oman India Joint Investment Fund, a Private Equity Fund, in terms of the Shareholder’s approval vide the special Resolution passed in the Extraordinary General Meeting on August 27, 2012.

The Solar Industries India Ltd stock was trading at Rs.971.45, up by Rs.9.35 or 0.97%. The stock hit an intraday high of Rs.984.90 and low of Rs.943.

The total traded quantity was 7975 compared to 2 week average of 8702.

Source : Equity Bulls

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