Blue Blends India Ltd approves allotment of shares to Edelweiss Asset Reconstruction Company Ltd

The Board of Directors of Blue Blends India Ltd at its meeting held on August 24, 2013, has considered and approved the allotment of 12,35,000 equity shares on preferential basis to Edelweiss Asset Reconstruction Company Limited pursuant to conversion of 9,26,250 5% Optionally Convertible Redeemable Cumulative Preference Shares.

Shares of Blue Blends India Ltd was last trading in BSE at Rs.14.25, down by Rs.0.25 or 1.72%. The stock hit an intraday high of Rs.14.25 and low of Rs.14.25.

The total traded quantity was 200 compared to 2 week average of 200.

Source : Equity Bulls

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