Bharat Earth Movers Ltd (BEML) has announced that the Board of Directors of the Company at its meeting held on July 05, 2007, has fixed the Bid / Issue price for issue of 49 lakh shares to the public at Rs 1,075/- per share in consultation with M/s. ICICI Securities Primary Dealership Ltd and also took on record the Prospectus for filing with the Registrar of Companies.
The stock was trading at Rs.1222, down by Rs.21.70 or 1.74%. The stock hit an intraday high of Rs.1260 and low of Rs.1205.10. The total traded quantity was 44796 compared to 2 week average of 109980.