Moschip Semiconductor allots 2650000 equity shares

Moschip Semiconductor Technology Ltd has announced that the Board of Directors of the Company has allotted 26,50,000 equity shares through circular resolution on December 02, 2009 to three investors of the Company through preferential allotment. Consequent to the above allotment, the paid-up share capital of the Company has gone up from 4,33,85,517 equity shares of Rs. 10/- each aggregating to Rs. 43,38,55,170/- to 4,60,35,517 equity shares of Rs. 10 each aggregating to Rs. 46,03,55,170/-.

The above allotted shares will be locked-in for a period of one year from the date of allotment.

The stock closed the day at Rs.9.17, down by Rs.0.18 or 1.93%. The stock hit an intraday high of Rs.9.64 and low of Rs.9.

The total traded quantity was 26668 compared to 2 week average of 44924.

Source : Equity Bulls

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