Supreme Tex Mart approves allotment of 4807143 shares

Supreme Tex Mart Ltd has announced that the Board of Directors of the Company at its meeting held on July 10, 2009, inter alia, has approved the allotment of 48,07,143 equity shares of Rs 5 each of preferential basis to M/s. Sinochamp Corporation Ltd (SCL) at the rate of Rs 42 (including premium of Rs 37 per share) forming 12% of the total post issue equity of the Company.

The stock was trading at Rs.9.40, up by Rs.0.35 or 3.87%. The stock hit an intraday high of Rs.9.40 and low of Rs.9.40.

The total traded quantity was 500 compared to 2 week average of 960.

Source : Equity Bulls

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