Core Projects allots 3448466 shares

Core Projects & Technologies Ltd has announced that the Shareholders / Investors Grievances Committee at its meeting held on June 12, 2009, approved the Allotment of 34,48,466 Equity Shares of Rs 2 each on conversion of Foreign Currency Convertible Bonds (FCCBs).

The paid-up capital of the Company after this allotment stands increased at Rs 17,94,29,570 comprising of 8,97,14,785 no of Equity Shares of Rs 2 each.

The stock was trading at Rs.143.45, down by Rs.3.15 or 2.15%. The stock hit an intraday high of Rs.153 and low of Rs.140.

The total traded quantity was 486451 compared to 2 week average of 754238.

Source : Equity Bulls

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