Stone India Ltd to consider allotment of 775000 shares to promoter group company

A Meeting of the Allotment Committee of the Board of Directors of Stone India Ltd is scheduled to be held on April 13, 2015, inter alia, to consider issue & allotment of 7,75,000 nos. Equity Shares to ISG Traders Limited, a Promoter Group Company upon exercising of their entitlement attached to the Warrant as per Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations 2009, as amended, from time to time.

Shares of STONE INDIA LTD. was last trading in BSE at Rs.57.45 as compared to the previous close of Rs. 56.95. The total number of shares traded during the day was 10693 in over 150 trades.

The stock hit an intraday high of Rs. 58.3 and intraday low of 57.15. The net turnover during the day was Rs. 614484.

Source : Equity Bulls

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