Radha Madhav Corporation Ltd approves allotment of 250000 shares

The Board of Directors of Radha Madhav Corporation Ltd at its meeting held on August 16, 2014, has approved allotment of 2,50,000 (Two lakh Fifty Thousand) Equity Shares of Rs. 10/- each (Rupees Ten Only) at a subscription price of Rs. 21.80/- Equity Shares (inclusive premium of Rs. 11.80/- per Equity Shares) in pursuance of resolution for preferential issue passed by the members at the General Meeting held on June 25, 2014.

Shares of RADHA MADHAV CORPORATION LTD. was last trading in BSE at Rs.41 as compared to the previous close of Rs. 42.95. The total number of shares traded during the day was 116880 in over 669 trades.

The stock hit an intraday high of Rs. 44.6 and intraday low of 40.85. The net turnover during the day was Rs. 4832867.

Source : Equity Bulls

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