Apollo Hospitals allots 1550000 equity shares

Apollo Hospitals Enterprise Ltd has announced that the Committee of Board of Directors of the Company at its meeting held on August 22, 2008, has approved the allotment of 1,550,000 equity shares of face value of Rs 10/- each at a price of Rs 442.55 per share to Ms. Sangita Reddy, one of the promoters of the Company.

Consequent to the above allotment, the paid up share capital of the Company has been increased to Rs 602,357,020/- (consisting of 60,235,702 equity shares of Rs 10/- each) from Rs 586,857,020/- (consisting of 58,685,702 equity shares of Rs l0/- each).

The Stock closed the day at Rs.466.20, up by Rs.2.95 or 0.64%. The stock hit an intraday high of Rs.468 and low of Rs.450.

The total traded quantity was 204 compared to 2 week average of 69655.

Source : Equity Bulls

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