Birla Shloka Edutech fixes FPO price band between Rs 45 to Rs 50

Birla Shloka Edutech Ltd has announced that the Members of the Public Issue Committee of the Board of Directors of the Company, in consultation with the Book Running Lead Managers, Ashika Capital Ltd, at its meeting held January 07, 2010, have decided that the price band for the follow-on public issue which is scheduled to open on January 11, 2010 will be Rs. 45 to Rs. 50.

Further, its has also been decided that the minimum bid lot will be for 120 shares and in multiples of 120 thereafter.

The stock was trading at Rs.59, up by Rs.0.85 or 1.46%. The stock hit an intraday high of Rs.59.75 and low of Rs.57.50.

The total traded quantity was 7200 compared to 2 week average of 11774.

Source : Equity Bulls

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