Astral Poly Technik allots shares at Rs. 402.52 aggregating Rs. 240.88 crores

The Securities Committee of Astral Poly Technik Ltd (the "Committee") has, by a resolution dated December 10, 2014 approved the allotment of 5,984,519 Equity Shares at a price of Rs. 402.52 per Equity Share (including a premium of Rs. 401.52 per Equity Share), aggregating to Rs. 2,408.89 million, to Qualified Institutional Buyers under Chapter VIII of the SEBI Regulations and in accordance with the Companies Act, 2013.

Shares of ASTRAL POLY TECHNIK LTD. was last trading in BSE at Rs.416.35 as compared to the previous close of Rs. 420.4. The total number of shares traded during the day was 3311 in over 361 trades.

The stock hit an intraday high of Rs. 422.9 and intraday low of 415. The net turnover during the day was Rs. 1388538.

Source : Equity Bulls

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