Orbit Corporation allots 8093686 Equity Shares

Orbit Corporation Ltd has announced that the Board of Directors of the Company vide their Circular Resolution dated July 15, 2009 has issued and allotted 80,93,686 Equity Shares of face value of Rs 10/- each at a premium of Rs 32.85 per Equity share, pursuant to the conversion of warrants. Accordingly the 80,93,686 warrants stands extinguished.

The stock was trading at Rs.136.30, up by Rs.6.45 or 4.97%. The stock hit an intraday high of Rs.136.30 and low of Rs.133.05.

The total traded quantity was 76068 compared to 2 week average of 131738.

Source : Equity Bulls

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