Punj Lloyd allots 1750 NCDs

Punj Lloyd Ltd has announced that the committee of directors of the Company, on September 10, 2009 has allotted 1750 (one thousand seven hundred and fifty only) Secured Redeemable Non Convertible Debentures of Rs 10,00,000 (Rupees ten lac) each aggregating to Rs 175,00,00,000 (Rupees one hundred and seventy five Crore only) and 42,500 (forty two thousand five hundred only) Secured Redeemable Non Convertible Debentures of Rs 1,00,000 (Rupees one lac) each aggregating to Rs 425,00,00,000 (Rupees four hundred and twenty five Crore only) on private placement basis.

The stock was trading at Rs.259, down by Rs.5.15 or 1.95%. The stock hit an intraday high of Rs.269.75 and low of Rs.256.60.

The total traded quantity was 772363 compared to 2 week average of 1417293.

Source : Equity Bulls

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