Champagne Indage allots 2,90,000 equity shares

Champagne Indage Ltd has announced that the Executive Committee of Board of Directors of the Company at its meeting held on July 20, 2007 has issued and allotted 2,90,000 Equity Shares of Rs 10/- each at a premium of Rs 325/- per Equity Share to Mr. Shivanand Mankekar. These shares have been allotted against conversion of equivalent number of Equity Share Warrants allotted and are eligible for conversion pursuant to the approval granted by the shareholders at the Annual General Meeting of the Company held on September 19, 2006.

Consequent upon the allotment of 2,90,000 Equity Shares as aforesaid, the Issued, Subscribed and Paid Up Share Capital of the Company shall stand increased to Rs 12,70,26,210/- divided into 12702621 Equity shares of Rs 10/- each.

The stock closed on Friday at Rs.632.80, up by Rs.6.25 or 1%. The total traded quantity was 2840 compared to 2 week average of 21450. The stock hit an intraday high of Rs.640 and low of Rs.620.

Source : Equity Bulls

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