Max India allots 10326311 shares to IFC

Max India Ltd has announced that the Committee of Directors of the Company at its meeting held on June 19, 2009, allotted 10,326,311 equity shares of Rs 2/- each of the Company at a premium of Rs 143.26 per share aggregating to Rs 150 Crores to M/s. International Finance Corporation, Washington, USA, on preferential basis.

The stock was trading at Rs.205.25, down by Rs.1.15 or 0.56%. The stock hit an intraday high of Rs.208.45 and low of Rs.205.25.

The total traded quantity was 6990 compared to 2 week average of 207219.

Source : Equity Bulls

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