Core Projects allots 13,50,000 shares

Core Projects & Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on September 07, 2007, has allotted 13,50,000 equity shares of Rs 2 each to the promoters of Enterprise Computing Services Inc. (ECS) towards acquisition of balance 24% common stake thereby making ECS a Wholly Owned Subsidiary of the Company, in pursuance of the FIPB approval vide its letter dated June 04, 2007 and the in principle approval received from stock exchange vide its letter dated August 27, 2007.

Pursuant to this allotment, the paid up capital of the Company stands increased to Rs 14,22,36,090 comprising of 7,11,18,045 Equity Shares of Rs 2/- each.

The stock closed the day at Rs.164.40, down by Rs.0.95 or 0.57%. The stock hit an intraday high of Rs.180 and low of Rs.161. The total traded quantity was 1001364 compared to 2 week average of 900451.

Source : Equity Bulls

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