SEL Manufacturing approves allotment of GDRs

SEL Manufacturing Company Ltd has announced that the Board of Directors of the Company at its meeting held on December 14, 2009, have approved the allotment of 5,600,000 Global Depositary Receipts (GDRs) representing 5,600,000 Equity Shares, par value of Rs. 10 each at an issue price of US$ 1.52 per GDR to the persons resident outside India.

The stock was trading at Rs.74.45, down by Rs.0.35 or 0.47%. The stock hit an intraday high of Rs.75.95 and low of Rs.74.05.

The total traded quantity was 60199 compared to 2 week average of 405340.

Source : Equity Bulls

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