Nettlinx to allot 433000 shares to My Guru Online Ltd

Nettlinx Ltd has announced that the Board of Directors of the Company at its meeting held on March 10, 2009, inter alia, has considered and approved for issue of 4,33,000 (Four Lakh Thirty Three Thousand Only) number of Equity Shares of Rs 10/- each at a price as per SEBI guidelines, on Preferential Basis to M/s. My Guru Online Ltd., in consideration of acquisition of business, as a going concern.

The Directors also considered and convened Extra Ordinary General Meeting of Shareholders of the Company for the purpose of issue of Shares on Preferential Basis.

The stock was trading at Rs.11.70, down by Rs.0.04 or 0.34%. The stock hit an intraday high of Rs.11.95 and low of Rs.11.70.

The total traded quantity was 875 compared to 2 week average of 318.

Source : Equity Bulls

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