Valuemart Info to consider allotment of 1,00,00,000 shares on preferential basis

Valuemart Info Technologies Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 25, 2007, inter alia, to consider and approve the allotment of 1,00,00,000 equity shares of Rs 2/- each for cash at a premium of Rs 4/- per equity share aggregating to Rs 6,00,00,000/- proposed to be allotted to the Strategic Investors on preferential basis.

The stock closed the day at Rs.4.45, down by Rs.0.04 or 0.89%. The stock hit an intraday high of Rs.4.58 and low of Rs.4.20. The total traded quantity was 28649 compared to 2 week average of 25704.

Source : Equity Bulls

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