BAG Films allots 7140000 Equity Shares

BAG Films & Media Ltd has announced that the Company has in the meeting of Investor Grievance Committee of the Board of Directors of the Company held on November 28, 2009, allotted 71,40,000 equity shares of Rs. 2/- each, by conversion of 71,40,000 warrants, to M/s. ARVR Communications Pvt. Ltd. (Formerly known as Anu Films and Communications Pvt. Ltd.) of New Delhi, at a price of Rs. 17.30/- per shares (including a premium of Rs. 15.30/- per shares).

The stock was trading at Rs.16.76, up by Rs.0.32 or 1.95%. The stock hit an intraday high of Rs.17 and low of Rs.16.71.

The total traded quantity was 14453 compared to 2 week average of 264744.

Source : Equity Bulls

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