Marg Constructions allots shares to Bennett, Coleman & Co. Ltd

Marg Constructions Ltd has announced that the Committee of Directors (CoD) of the Company at its meeting held on October 12, 2007, has allotted 2,00,000 equity shares on Preferential basis to Bennett, Coleman & Co. Ltd.

The Board also allotted 2,61,390 equity shares upon conversion of 148 Foreign Currency Convertible Bonds (FCCBs).

The Board Allotted 14,70,000 equity shares upon conversion of warrants. Out of this 12,20,000 shares were allotted to promoters and 2,50,000 shares were allotted to non promoters.

The stock closed on Friday at Rs.182.65, up by Rs.0.55 or 0.30%. The total traded quantity was 294472 compared to 2 week average of 75692. The stock hit an intraday high of Rs.192.50 and low of Rs.170.50.

Source : Equity Bulls

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