Spicejet allots 324850 of equity shares

Spicejet Ltd has announced that the Company has made allotment of 324850 equity shares.

220,950 equity shares of Rs. 10 each at a price of 44.20 per shares were allotted to Mr. Sanjay Aggarwal on January 13, 2010 on preferential basis in terms of authority given by the shareholders on December 23, 2009 and in-principle approval from regulatory authority dated December 29, 2009 and 103,900 equity shares of Rs. 10 each consequent upon exercise of options granted to employees under Employee Stock Qption scheme 2007 on January 20, 2010.

The stock closed the day at Rs.52.80, up by Rs.0.80 or 1.54%. The stock hit an intraday high of Rs.53.75 and low of Rs.51.80.

The total traded quantity was 1339879 compared to 2 week average of 2288577.

Source : Equity Bulls

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