Anil Special Steel approves allotment of 5380000 shares

Anil Special Steel Industries Ltd has announced that the Board of Directors of the Company at its meeting held on January 12, 2009, inter alia, has approved the allotment of 53,80,000 Equity shares by way of Preferential Allotment at Rs 10/- per share aggregating Rs 5.38 Crors, subject to approval of shareholder in the General Meeting and approval of other Statutory Bodies, Stock Exchanges, etc. if required, as per the SEBI (preferential issue) guidelines.

The stock was trading at Rs.6.06, up by Rs.0.11 or 1.85%. The stock hit an intraday high of Rs.6.54 and low of Rs.6.

The total traded quantity was 2547 compared to 2 week average of 5249.

Source : Equity Bulls

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