Sunteck Realty allots 3551391 shares

Sunteck Realty Ltd has announced that the Board of Directors of the Company at its meeting held on December 19, 2008, has approved the allotment of 3551391 Equity Shares, pursuant to the Scheme of Amalgamation of Satguru Corporate Services Pvt. Ltd with Sunteck Realty Ltd approved by the Hon'ble High Court of Bombay vide order dated November 24, 2008.

The Board also approved the appointment of Mr. Mahadeven Kalahasti and Mr. Kishore Vussonji as Independent Directors.

The stock closed the day at Rs.1391, down by Rs.3.10 or 0.22%. The stock hit an intraday high of Rs.1398.90 and low of Rs.1391.

The total traded quantity was 5515 compared to 2 week average of 3343.

Source : Equity Bulls

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