Regency Ceramics approves allotment of 12844786 shares

Regency Ceramics Ltd has announced that the Board of Directors of the Company at its meeting held on December 23, 2009, inter alia, have approved allotment of 1,28,44,786 equity shares to the promoters and its associates pursuant to the scheme of arrangement approved by the Hon'ble High Court of Andhra Pradesh vide its order dated October 08, 2009 and upon receiving in principle approval from regulatory authority.

The stock was trading at Rs.9, up by Rs.0.14 or 1.58%. The stock hit an intraday high of Rs.9.28 and low of Rs.8.64.

The total traded quantity was 34701 compared to 2 week average of 5315.

Source : Equity Bulls

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