ABC India allots 4 Lakhs Shares at Rs.50

ABC India Ltd has announced that the Board of Directors of the Company at its meeting held on September 24, 2007 has allotted 4,00,000 Equity Shares of Rs 10/- each at a premium of Rs 40/- per share on preferential basis in terms of approval granted by shareholders at 34th Annual General Meeting by way of Special Resolution.

The stock closed the day at Rs.41.25, down by Rs.2.35 or 5.39%. The stock hit an intraday high of Rs.44 and low of Rs.41.25.

The total traded quantity was 3850 compared to 2 week average of 9550.

Source : Equity Bulls

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