Bheema Cements Board Meeting on Dec 15, 2008 to allot 4196790 shares

Bheema Cements Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 15, 2008, inter alia, to allot 41,96,790 Equity Shares of Rs 10/- each to promoters and their associates by conversion of 41,96,790 Warrants of Rs 10/- each which were allotted to them on July 06, 2007.

The stock last traded at Rs.51.20, down by Rs.2.65 or 4.92%. The stock hit an intraday high of Rs.56.50 and low of Rs.51.20.

The total traded quantity was 25 compared to 2 week average of 99.

Source : Equity Bulls

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