Net 4 India to allot 1697812 shares to Madison India Capital on Dec 08, 2009

Net 4 India Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 08, 2009, to allot 1697812 equity shares to M/s. Madison India Capital HC an a preferential basis on the terms and conditions as approved by the shareholders in their Extra-Ordinary General Meeting held on November 09, 2009.

The stock was trading at Rs.86.20, down by Rs.0.70 or 0.81%. The stock hit an intraday high of Rs.89.10 and low of Rs.85.60.

The total traded quantity was 25125 compared to 2 week average of 37727.

Source : Equity Bulls

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