Gee Kay Finance allots 181875480 shares

Gee Kay Finance & Leasing Company Ltd has announced that the Board of Directors of the Company at its meeting held on November 19, 2009, inter alia, has decided the allotment of 18,18,75,480 Equity Shares of Re. 1/- each against conversion of 1,81,87,548 6% Optionally Convertible Preference Shares of Rs. 10/- each.

The stock closed the day at Rs.58.70, down by Rs.500.90 or 89.51%. The stock hit an intraday high of Rs.58.70 and low of Rs.55.95.

The total traded quantity was 29135 compared to 2 week average of 19685.

Source : Equity Bulls

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