Punj Lloyd allots 2,96,00,000 equity shares through QIP

Punj Lloyd Ltd has announced that the Company has on August 21, 2007, allotted 2,96,00,000 Equity Shares of Rs 2 each for cash at a price of Rs 275 per Equity Share (including a premium of Rs 273 per Equity Share) aggregating to Rs 8,140 million, through a Qualified Institutional Placement pursuant to a Placement Document dated August 17, 2007 under provisions of Chapter XIII-A of the SEBI (DIP) Guidelines, 2000.

The stock was trading at Rs.236.50, down by Rs.3.15 or 1.31%. The stock hit an intraday high of Rs.247.50 and low of Rs.236.50. The total traded quantity was 616966 compared to 2 week average of 1235061.

Source : Equity Bulls

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