Anant Raj Industries Board allots 55,60,222 shares at Rs.1229.51

Anant Raj Industries Ltd has announced that the Board of Directors of the Company at its meeting held on May 25, 2007, after receiving the entire money in a separate account, has allotted 55,60,222 fully paid Equity Shares of Rs 10/- each, at a premium of Rs 1219.51 per share at a total price of Rs 1229.51 per share on preferential basis, to the entitles named hereunder:

Name of Allotees:

1. Government of Singapore Investment Corporation Pte Ltd, in three respective sub accounts:-

i. Government of Singapore - 31,51,128 No of Shares
ii. Monetary Authority of Singapore - 3,21,070 No of Shares
iii. Monetary Authority of Singapore B - 42,124 No of Shares

2. Morgan Stanley Dean Witter Mauritius Company Ltd - 13,65,900 No of Shares

3. Quantum (M) Ltd - 6,80,000 No of Shares

Total - 55,60,222 No of shares

The stock was trading at Rs.1312.05, up by Rs.62.45 or 5%. The stock hit an intraday high of Rs.1312.05 and low of Rs.1240. The total traded quantity was 10851 compared to 2 week average of 14545.

Source : Equity Bulls

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