Bajaj Hindusthan allots 35450000 shares at Rs 204

Bajaj Hindusthan Ltd has announced that the Management Committee of Directors of the Company ("Committee"), at its meeting held on July 03, 2009, has allotted 35450000 fully paid-up equity shares of face value Re 1/- each of the Company, at a price of Rs 204/- per equity share (including a premium of Rs 203/- per equity share), aggregating to Rs 7,231,800,000/-.

Consequent to the issue and allotment of the Equity shares as aforesaid, the paid-up equity share capital of the Company stands increased from the present Rs 141,407,111/- divided into 141407111 equity shares of face value Re 1/- each, to Rs 176,857,111/- divided into 176857111 equity shares of face value Re 1/- each.

The stock closed the day at Rs.203.05, down by Rs.1.20 or 0.59%. The stock hit an intraday high of Rs.205.40 and low of Rs.201.10.

The total traded quantity was 490130 compared to 2 week average of 2512195.

Source : Equity Bulls

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