Mascon Global allots 2982456 shares

Mascon Global Ltd has announced that the Preferential Issue Committee of Board of Directors of the Company at its meeting held on January 04, 2009, has allotted 29,82,456 no. of equity shares constituting 0.81% of the existing capital of the Company to Mr. K Chandra, Executive Chairman & CEO of the Company on conversion of a portion of warrant allotted to him on a preferential basis during January 2008.

His total holding as on date is 22,152,049 no. of equity shares constituting 5.99% of the total Paid-up capital of the Company.

The stock was trading at Rs.4.80, down by Rs.0.12 or 2.44%. The stock hit an intraday high of Rs.5.08 and low of Rs.4.79.

The total traded quantity was 378892 compared to 2 week average of 523206.

Source : Equity Bulls

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