RT Exports allots 550000 shares on conversion of preference shares

RT Exports Ltd has announced that the Board of Directors of the Company at its meeting held on October 15, 2008, inter alia, has issued and allotted 550000 Equity Shares of Rs 10/- each at a premium of Rs 63.24 per share to Harmony Holdings Ltd towards redemption of 402843 Preference Shares of Rs 100/- each. These shares shall rank pari passu in all respect with the existing equity shares of the Company form the profits of the Company.

The Stock closed the day at Rs.53.55, down by Rs.2.80 or 4.97%. The stock hit an intraday high of Rs.54.90 and low of Rs.53.55.

The total traded quantity was 400 compared to 2 week average of 427.

Source : Equity Bulls

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