Shree Nath Commercial & Finance to allot 50 lakh shares on Dec 09, 2009

Shree Nath Commercial & Finance Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 09, 2009, inter alia, to allot 50,00,000 Equity shares to Promoters and Non promoters @ Rs. 20/- per share, including a premium of Rs. 10/- per share, on Preferential basis.

The stock was trading at Rs.19.30, up by Rs.0.35 or 1.85%. The stock hit an intraday high of Rs.19.30 and low of Rs.19.30.

The total traded quantity was 10 compared to 2 week average of 3.

Source : Equity Bulls

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