Aarti Industries allots 3025000 shares

Aarti Industries Ltd has announced that the Board of Directors of the Company at its meeting held on December 20, 2009, inter alia, has allotted 30,25,000 equity shares of Rs. 5/- each fully paid up against exercise of option of conversion by the holders of Convertible warrants issued by the Company on preferential basis to the promoter / promoter group companies and other persons in due compliance with the applicable SEBI DIP Guidelines and law.

These convertible warrants were issued by the Company on July 31, 2008 at a price of Rs. 35.65 ps. (including premium of 30.65 Ps.) per share in due compliance of applicable SEBI DIP Guidelines.

As a result of this, the Company's paid-up share Capital has increased from Rs. 36,84,75,365/- to Rs. 38,36,00,365/- divided into 76720073 equity shares of Rs.5/- each fully paid up.

The stock was trading at Rs.47, up by Rs.0.95 or 2.064%. The stock hit an intraday high of Rs.48.80 and low of Rs.46.

The total traded quantity was 62172 compared to 2 week average of 133104.

Source : Equity Bulls

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