Sowbhagya Media Board Meeting on Dec 08, 2008 to consider allotment of 245000 shares

Sowbhagya Media Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 08, 2008, to consider and approve the allotment of 2,45,000 equity shares of face value of Rs 10 each, at price of Rs 100/- per share (inclusive of premium of Rs 90/- per share) on preferential basis to M/s. New Delhi Exim Pvt. Ltd. Sri. Pulla Rao Samudrala, and Sri. T Sachendra.

The stock closed the day at Rs.27.10, down by Rs.1.40 or 4.91%. The stock hit an intraday high of Rs.27.10 and low of Rs.27.10.

The total traded quantity was 17 compared to 2 week average of 29.

Source : Equity Bulls

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