Bheema Cements allots 4196790 shares

Bheema Cements Ltd has announced that the Board of Directors of the Company at its meeting held on December 15, 2008, inter alia, has allotted 41,96,790 Equity shares of Rs 10/- each at par 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 closed the day at Rs.42. The stock hit an intraday high of Rs.42 and low of Rs.42.

The total traded quantity was 10 compared to 2 week average of 347.

Source : Equity Bulls

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