Shree Digvijay Cement allots 8700000 preference shares

Shree Digvijay Cement Company Ltd has announced that the Board of Directors of the Company at its meeting held on March 09, 2009, has issued and allotted 6% 8,700,000 (Eighty Seven lac only) fully paid up Non-cumulative Compulsory Convertible Preference Shares of the face value of Rs 100/- (One hundred) each aggregating Rs 870,000,000/- (Eighty Seven Crore only) in physical form and as per the terms and condition mentioned in "In-principle" approval to Cimpor Inversiones S.A., the promoter of the Company under preferential allotment.

The stock closed the day at Rs.5.68, down by Rs.0.13 or 2.24%. The stock hit an intraday high of Rs.6.59 and low of Rs.5.55.

The total traded quantity was 15726 compared to 2 week average of 29756.

Source : Equity Bulls

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