Allied Digital Services approves allotment of 49 lakh shares

Allied Digital Services Ltd has announced that the Management Committee of the Board of Directors at its Meeting held on October 21, 2009 have approved allotment of 49,00,000 Equity Shares of Rs. 10 each at the cash price of Rs. 472.29 (including premium of Rs. 462.29) under Chapter VIII of the Securities and Exchange Board of India (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, as amended.

The stock was trading at Rs.503.15, up by Rs.12.50 or 2.55%. The stock hit an intraday high of Rs.507.35 and low of Rs.489.

The total traded quantity was 25667 compared to 2 week average of 56499.

Source : Equity Bulls

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