Hindalco Industries allots 213147391 shares

Hindalco Industries Ltd has announced that the Committee of Directors of the Company at its meeting held on December 01, 2009 has allotted 213147391 Equity Shares of Rs. 1/- each at a premium of Rs. 129.90 to Qualified Institutional Buyers pursuant to the qualified institutions placement of the equity shares under the provisions of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("SEBI Regulations") to Qualified Institutional Buyers ("QIBs") as defined under 2(1)(zd) of the SEBI Regulations (the "Placement")".

The stock was trading at Rs.143.85, up by Rs.1.75 or 1.23%. The stock hit an intraday high of Rs.145.60 and low of Rs.142.10.

The total traded quantity was 2143917 compared to 2 week average of 2022350.

Source : Equity Bulls

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