Indiaco Ventures allots 11221 shares at Rs 950

Indiaco Ventures Ltd has announced that the Board of Directors of the Company at its meeting held on February 12, 2009, inter alia, has made an allotment of 11,221 equity shares of Rs 10/- each at a premium of Rs 940/- each to Jabali Finance Co. Ltd and allotment of 1,65,300 Warrants Convertible into Equity shares of Rs 10/- each at premium of Rs 640/- each to promoters and others on preferential basis to Iaquavit Management Services Pvt Ltd - 112000 Warrants (Promoter group Company), Lupine Venture Pvt Ltd - 28000 warrants and Mr. Vinayak Bhattacharjee - 25300 Warrants.

The stock was trading at Rs.290, down by Rs.2 or 0.68%. The stock hit an intraday high of Rs.290 and low of Rs.277.45.

The total traded quantity was 4 compared to 2 week average of 32.

Source : Equity Bulls

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