XL Telecom allots 248687 shares

XL Telecom & Energy Ltd has announced that a Committee of the Board of Directors at its meeting held on August 24, 2009 have allotted 2,48,687 (Two Lacs Forty Eight Thousand Six Hundred & Eighty Seven only) Equity Shares of Rs 10/- each of the Company at a premium of Rs 150/- per share to "SHANTI INDIA" upon conversion of Foreign Currency Convertible Bonds to the extent of US$ 1.00 million.

Consequently, the paid up Equity Share Capital of the Company has been increased from 18785452 Equity Shares of Rs 10/- each, to 19034139 Equity Shares of Rs 10/- each.

The stock closed the day at Rs.44, up by Rs.0.70 or 1.62%. The stock hit an intraday high of Rs.44.50 and low of Rs.43.55.

The total traded quantity was 46863 compared to 2 week average of 51031.

Source : Equity Bulls

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