Shiva Cement Board Meeting on Dec 15, 2008 to consider allotment of shares

Shiva Cement Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 15, 2008, inter alia, to consider allotment of 1.20 Mn. Nos. of Equity Shares of Rs 2/- each at a premium of Rs 9/- per share to Roughells Fashions Pvt. Ltd upon exercise of option by them for conversion of Equity Share Warrants earlier allotted to them on preferential basis.

The stock was trading at Rs.4.10, up by Rs.0.12 or 3.02%. The stock hit an intraday high of Rs.4.17 and low of Rs.3.87.

The total traded quantity was 82336 compared to 2 week average of 142552.

Source : Equity Bulls

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