Shree Renuka Sugars allots 21,86,667 shares to QIBs

Shree Renuka Sugars Ltd has announced that the QIP Allotment Committee at its meeting held on October 31, 2007, has allotted 21,86,667 equity shares of Rs 10/- each at the issue price of Rs 750/- per share, aggregating to an amount of Rs 164 crores, to Qualified Institutional Buyers (QIB’s), pursuant to Securities and Exchange Board of India (Disclosure and Investors Protection) Guidelines, 2000.

The stock closed the day at Rs.784.30, down by Rs.1.35 or 0.17%. The stock hit an intraday high of Rs.804.50 and low of Rs.777.

The total traded quantity was 70913 compared to 2 week average of 177984.

Source : Equity Bulls

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