Webel-Sl Energy approves allotment of 20 lakh shares

Webel-Sl Energy Systems Ltd has announced that an emergency meeting of the Board of Directors of the Company was held on August 12, 2009, to consider and approve the allotment of shares to Institutional Investors who have submitted applications for equity shares of the Company under the QIP issue of 2,000,000 equity shares.

The stock was trading at Rs.267.35, up by Rs.12.70 or 4.99%. The stock hit an intraday high of Rs.267.35 and low of Rs.244.

The total traded quantity was 11681 compared to 2 week average of 40791.

Source : Equity Bulls

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