PSL allots 10750000 shares

PSL Ltd has announced that the QIP Committee at its meeting held on August 27, 2009 has allotted 10,750,000 Equity Shares of Rs. 10 each at a price of Rs. 138.90 per share including a premium of Rs. 128.90 per share to 20 QIB's by way of Qualified Institutional Placement under Chapter XIIIA of SEBI (Disclosure and Investor Protection) Guidelines, 2000.

The stock closed the day at Rs.157.40, up by Rs.5 or 3.28%. The stock hit an intraday high of Rs.164.40 and low of Rs.152.40.

The total traded quantity was 693811 compared to 2 week average of 467234.

Source : Equity Bulls

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