HBL Power Systems allots 1020445 shares

HBL Power Systems Ltd has announced that the Board of Directors of the Company at its meeting held on October 28, 2009, inter alia, has approved the allotment of 10,20,445 equity shares of Rs. 10/- each at a price of Rs. 340 per share (including Rs. 330 per share as premium) on Preferential basis to M/s. Citigroup Global Markets Mauritius Private Ltd.

The stock closed the day at Rs.336.40, down by Rs.11.95 or 3.43%. The stock hit an intraday high of Rs.346.90 and low of Rs.334.55.

The total traded quantity was 1011 compared to 2 week average of 6024.

Source : Equity Bulls

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