Rajeswari Foundations allots 550000 shares

Rajeswari Foundations Ltd has announced that the Board of Directors of the Company at its meeting held on October 09, 2009, has made allotment of 5,50,000 (Five Lakhs and Fifty Thousand only) Equity shares of Rs. 10/- each per share aggregating Rs. 55,00,000 fully paid-up as per the SEBI guidelines to Promoters on preferential basis.

The stock closed the day at Rs.17.25 down by Rs 0.50 or 2.82%. The stock hit an intraday high of Rs 17.90 and intraday low of Rs 16.35.

The total traded quantity was 3878 compared to 2 week average of 2468.

Source : Equity Bulls

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