Thambbi Modern allots shares at Rs.25

Thambbi Modern Spinning Mills Ltd has announced that the Board of Directors of the Company at its meeting held on July 31, 2007, has allotted 860000 equity shares of Rs 10/- each at a premium of Rs 15/- per share on preferential basis to Mr. S R Murali Manohar.

After the above said allotment the paid up capital of the Company is increased from Rs 49027700 divided into 4902770 Equity shares of Rs 10/- each to Rs 57627700 divided into 5762770 equity shares of Rs 10/- each. The Authorized capital also has been already increased from Rs 6500000 divided into 650000 equity shares of Rs 10/- each to Rs 140000000 divided into 14000000 equity shares of Rs 10 each as resolved by the share holders at the Extra Ordinary General Meeting of the Company held on July 21, 2007.

The stock closed the day at Rs.12.85, down by Rs.0.12 or 0.93%. The stock hit an intraday high of Rs.13.49 and low of Rs.12.69. The total traded quantity was 2609 compared to 2 week average of 5052.

Source : Equity Bulls

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