Punj Lloyd approves allotment of 27900920 shares

Punj Lloyd Ltd has announced that the Committee of Directors at its meeting held on August 10, 2009, have approved the allotment of 2,79,00,920 (Two Crore Seventy Nine Lakh Nine Hundred Twenty) equity shares of Rs 2/- each at a price of Rs 240.20 per share, including a premium of Rs 238.20 per equity share, aggregating Rs 670,18,00,984 (Rupees Six Hundred Seventy Crore Eighteen Lakh Nine Hundred Eighty four Only).

The stock was trading at Rs.222.90, up by Rs.6.35 or 2.93%. The stock hit an intraday high of Rs.224 and low of Rs.210.35.

The total traded quantity was 684309 compared to 2 week average of 2229169.

Source : Equity Bulls

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