HT Media allots 769230 Equity Shares

HT Media Ltd (HTML) has announced that the Committee of Board of Directors of the Company at its meeting held on May 27, 2009, has allotted 7,69,230 Equity Shares of Rs 2/- each of HTML to a Shareholder of HT Music and Entertainment Company Ltd (HTME), pursuant to the Scheme of Arrangement and Restructuring under Section 391-394 of the Companies Act, 1956 between HT Music and Entertainment Company Ltd (HTME) and HTML and their respective Shareholders and Creditors ("the Scheme"), sanctioned by Hon'ble High Court of Delhi on March 19, 2009.

The stock was trading at Rs.110.30, up by Rs.3.20 or 2.99%. The stock hit an intraday high of Rs.114.30 and low of Rs.104.25.

The total traded quantity was 54090 compared to 2 week average of 537219.

Source : Equity Bulls

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