Arshiya International allots 2001500 equity shares

Arshiya International Ltd has announced that the Allotment Committee of the Board of Directors of the Company at its meeting held March 18, 2008 have allotted 20,01,500 Equity Shares of Rs 2/- each against conversion of 400,300 warrants of Rs 10/- each.

Further the Company has informed that, the face value of the Equity Shares has been sub-divided from Rs 10/- to Rs 2/- per share vide a resolution passed at an Annual General Meeting of the members of the Company held on September 10, 2007 and accordingly allotment of equity shares have been made at Rs 2/- per share.

The stock closed the day at Rs.200.50, up by Rs.10.50 or 5.53%. The stock hit an intraday high of Rs.208.45 and low of Rs.175.60.

The total traded quantity was 4139509 compared to 2 week average of 121590.

Source : Equity Bulls

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