Videocon Industries allots 1858275 Equity Shares

Videocon Industries Ltd has announced that in terms of the resolution passed by the members of the Company at the Extra Ordinary General Meeting held on November 30, 2009, the Shareholders Committee of the Board of Directors, at their meeting held on December 09, 2009, have approved issue and allotment of 18,58,275 equity shares, on preferential basis, at a price of Rs. 242.16 per equity share, being the price determined in terms of Regulation 76(1) of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The stock closed the day at Rs.227.35, up by Rs.2.45 or 1.09%. The stock hit an intraday high of Rs.230.80 and low of Rs.222.

The total traded quantity was 305271 compared to 2 week average of 279770.

Source : Equity Bulls

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