Zicom Electronic approves allotment of 5,00,000 shares to Bennett, Coleman & Co

Zicom Electronic Security Systems Ltd has announced that the Committee of Board of Directors (CoD) at its meeting held on June 11, 2007 has approved allotment of 5,00,000 equity shares of the Company of Rs 10/- each in favour of Bennett, Coleman & Co. Ltd at a price of Rs 200 per share on preferential basis and the Share Premium account of the Company has increased by 95,000,000/.

Consequent to the aforesaid allotment, the Paid up capital of the Company has increased from Rs 10,19,91,740/- to Rs 10,69,91,740/-, comprising of 10699174 shares of Rs 10/- each.

The stock closed the day at Rs.230.05, down by Rs.0.15 or 0.07%. The total traded quantity was 20287 compared to 2 week average of 50565. The stock hit an intraday high of Rs.235 and low of Rs.228.25.

Source : Equity Bulls

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