IL&FS Engineering and Construction Company Ltd allots 8900000 Equity Shares

IL&FS Engineering and Construction Company Ltd has allotted 8,900,000 Equity Shares of Rs. 10/- each on a preferential basis at a price of Rs. 85.50 on September 08, 2015 to 2 entities.

Infrastructure Leasing and Financial Services Limited were allotted 4,408,045 Equity Shares and IL&FS Financial Services Limited was allotted 4,491,955 Equity Shares.

The Equity shares allotted as mentioned above, including their pre-allotment holdings shall be subject to Lock-in requirement as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Shares of IL&FS ENGINEERING AND CONSTRUCTION COMPANY LTD. was last trading in BSE at Rs.60.1 as compared to the previous close of Rs. 60.35. The total number of shares traded during the day was 19679 in over 195 trades.

The stock hit an intraday high of Rs. 60.9 and intraday low of 59. The net turnover during the day was Rs. 1176322.

Source : Equity Bulls

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