GVK Power allots shares on amalgamation

GVK Power & Infrastructure Ltd (GVKPIL) has announced that in terms of the Scheme of Arrangement amongst GVK Industries Ltd and GVK Power & Infrastructure Ltd and their respective Shareholders, as approved by Hon'ble High Courts of Andhra Pradesh and Delhi, the Share Allotment & Transfer Committee of the Company at its meeting held on November 24, 2007 has allotted 90,46,215 Equity Shares of Rs 10 each to the respective shareholders of GVK Industries Ltd (other than GVKPIL).

The stock was trading at Rs.769.85, up by Rs.28.40 or 3.83%. The stock hit an intraday high of Rs.780 and low of Rs.756.25.

The total traded quantity was 10810 compared to 2 week average of 103433.

Source : Equity Bulls

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