GEE approves allotment of 2969760 shares

GEE Ltd has announced that the Board of Directors of the Company at its meeting held on January 10, 2009, inter alia, has approved the allotment of 29,69,760 Equity shares of Rs 2/- each as bonus shares in the proportion of one bonus equity share of every five equity shares held i.e. 1:5.

The stock closed on Friday at Rs.33.85, down by Rs.3.75 or 9.97%. The stock hit an intraday high of Rs.34.10 and low of Rs.32.

The total traded quantity was 1621 compared to 2 week average of 3334.

Source : Equity Bulls

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