Real Strips allots 12 lakh shares

Real Strips Ltd has announced that resolution passed in an Extra Ordinary General Meeting held on November 30, 2009, Board of Directors in its meeting held on December 11, 2009, has allotted 12,00,000 equity shares of Rs. 10/- each at a premium of Rs. 41/- per share to strategic investors and 10,00,000 Warrants convertible in to 10,00,000 equity shares of Rs. 10 each at a premium of Rs. 41/- to promoters/ promoters group on Preferential basis.

The stock closed the day at Rs.53, down by Rs.1.15 or 2.12%. The stock hit an intraday high of Rs.56 and low of Rs.53.

The total traded quantity was 2883 compared to 2 week average of 5561.

Source : Equity Bulls

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