Manaksia allots NCDs to LIC

Manaksia Ltd has announced that the Board of Directors of the Company at its meeting held on December 19, 2008, has allotted 600, 11.95% Secured Redeemable Non Convertible Debentures (NCDs), having a face value of Rs 10,00,000/- each, aggregating to Rs 60 Crores on a Private Placement basis to Life Insurance Corporation of India.

The stock closed the day at Rs.35, up by Rs.1.10 or 3.24%. The stock hit an intraday high of Rs.36 and low of Rs.32.90.

The total traded quantity was 25049 compared to 2 week average of 36053.

Source : Equity Bulls

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