Ushdev International to approve allotment of 16140000 shares

Ushdev International Ltd has announced that the Board of Directors of the Company at its meeting held on March 05, 2009, inter alia, has considered and approved the allotment of 1,61,40,000 Equity Shares of Rs 10/- each at a premium of Rs 70/- per share on preferential basis under section 81(1A) of the Companies Act, 1956 subject to compliance of Chapter XIII of SEBI DIP Guidelines.

The stock was trading at Rs.42.40, down by Rs.1.30 or 2.97%. The stock hit an intraday high of Rs.45.80 and low of Rs.42.40.

The total traded quantity was 50873 compared to 2 week average of 53190.

Source : Equity Bulls

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