Parekh Aluminex allots 2400000 shares

Parekh Aluminex Ltd has announced that the Placement of 2400000 equity shares of Rs 10/- each at a price of Rs 225/- per share (including share premium of Rs 215/- per share) aggregating to Rs 5400 lacs with Qualified Institutional Buyers (QIBs) by the Company under Chapter XIIIA of SEBI (Disclosure and Investor Protection) Guidelines, 2000 ("the Issue") is closing on November 30, 2007. The issue price has been decided by the Company in consultation with the BRLMs at Rs 225/- per share (including share premium of Rs 215/- per share).

Source : Equity Bulls

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