Polo Hotels Ltd allots 5043882 shares

The Board of Directors of Polo Hotels Ltd at its meeting held on October 07, 2014, has allotted 5,043,882 Equity shares of Rs. 10/- each to two allottees, emerged out of conversion of 5,043,882 Compulsorily Convertible Preference Shares (CCPS), allotted in the Board meeting held on January 24, 2012.

The Board granted authority to Kanitkar S & Associates, Practicing Company Secretaries, Mumbai, to act as Authorized Representative of the Company to submit all papers, letter, agreements, documents, writings, submissions etc. in connection with listing of above stated 5,043,882 Equity shares of Rs. 10/- each.

Shares of POLO HOTELS LTD. was last trading in BSE at Rs.62 as compared to the previous close of Rs. 64.2. The total number of shares traded during the day was 235787 in over 1126 trades.

The stock hit an intraday high of Rs. 65.9 and intraday low of 61.25. The net turnover during the day was Rs. 14706833.

Source : Equity Bulls

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