Passari Cellulose allots 1227500 shares

Passari Cellulose Ltd has announced that the Board of Directors of the Company at its meeting held on March 05, 2009, inter alia, has allotted 12,27,500 Equity shares of Rs 10/- at a premium of Rs 5.25/- per share pursuant to the in-principle approval obtained from the stock exchange.

The stock last traded on 27 February 2009 at Rs.20.10, down by Rs.0.90 or 4.29%. The stock hit an intraday high of Rs.20.10 and low of Rs.20.10.

The total traded quantity was 200 compared to 2 week average of 200.

Source : Equity Bulls

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