Digjam allots 20 lakh preference shares

Digjam Ltd has announced that the Committee of the Board of Directors at their meeting held on February 23, 2009, has in the first franche issued and allotted 20,00,000 nos. of 8% Cumulative Redeemable Preference Shares of Rs 100 each on private placement basis to the various entities including those in the Promoter Group.

The stock was trading at Rs.4.50. The stock hit an intraday high of Rs.4.69 and low of Rs.4.24.

The total traded quantity was 21453 compared to 2 week average of 4315.

Source : Equity Bulls

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