Modern Steels allots 1170000 shares at Rs. 75

Pursuant to the approval of shareholders u/s 81(1A) of the Companies Act, 1956 at the Annual General Meeting held on September 11, 2013, the Allotment Committee of Modern Steels Ltd in its meeting held on June 26, 2014 considered & allotted 11,70,000 equity shares to the promoter and promoter group on receipt of balance amount of Rs. 75 per share amounting to Rs. 8.77 Crores from the respective allottees.

Shares of MODERN STEELS LTD.-$ was last trading in BSE at Rs.9.68 as compared to the previous close of Rs. 9.22. The total number of shares traded during the day was 1002 in over 19 trades.

The stock hit an intraday high of Rs. 9.68 and intraday low of 9.2. The net turnover during the day was Rs. 9671.

Source : Equity Bulls

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