Vijay Shanthi Board to consider allotment of equity shares at Rs 56

Vijay Shanthi Builders Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 29, 2008, to consider allotment of fully paidup equity shares at a price of Rs 56/- per share (including a premium of Rs 46/- per share), to the promoters of the Company against an option exercised by the promoters to convert convertible warrants earlier issued to them on a preferential basis, into equity shares.

The stock was trading at Rs.53.40, down by Rs.1.45 or 2.64%. The stock hit an intraday high of Rs.54.70 and low of Rs.52.25.

The total traded quantity was 5323 compared to 2 week average of 65646.

Source : Equity Bulls

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