Hella India allots 40000 Preference Shares

Hella India Lighting Ltd has announced that the Board of Directors of the Company, had approved the allotment of 40,000 - 0.0000001% Non-Convertible Non-Cumulative Redeemable Preference Shares on preferential basis to Reinhold Poersch GmbH, Germany, by passing of circular resolution on March 18, 2009.

The stock was trading at Rs.125.50, down by Rs.6.60 or 5%. The stock hit an intraday high of Rs.125.50 and low of Rs.125.50.

The total traded quantity was 68 compared to 2 week average of 84.

Source : Equity Bulls

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