Arvind allots 75 lakh Equity Shares on Conversion of Warrants

Arvind Ltd has announced that the Management Committee of Board of Directors at its meeting held on June 29, 2009, has allotted 75,00,000 Equity Shares of Rs 10/- each at a Premium of Rs 5/- per share on conversion of 75,00,000 Warrants issued to Anukul Investments Pvt. Ltd on Preferential Allotment basis.

The stock closed the day at Rs.27.80, up by Rs.0.45 or 1.65%. The stock hit an intraday high of Rs.28.60 and low of Rs.27.20.

The total traded quantity was 1495591 compared to 2 week average of 1804404.

Source : Equity Bulls

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