Bombay Rayon approves allotment of 1.8 crore shares

Bombay Rayon Fashions Ltd has announced that the Board of Directors of the Company at its meeting held on April 22, 2009, inter alia, has considered and approved allotment of 1,80,00,000 Equity Shares of Rs 10/- each fully paid up for cash at a premium of Rs 175/- per equity share aggregating Rs 333 Crores to AAA United B.V. a private limited liability Company constituted under the laws of The Netherlands on preferential allotment basis.

The stock closed the day at Rs.159.90, down by Rs.1.10 or 0.68%. The stock hit an intraday high of Rs.163 and low of Rs.158.

The total traded quantity was 27050 compared to 2 week average of 80812.

Source : Equity Bulls

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