Ruchi Strips & Alloys allots 9547075 shares

Ruchi Strips & Alloys Ltd has announced that the Board of Directors of the Company at its meeting held on January 25, 2010, inter alia, have alloted 95,47,075 Equity Shares of Rs. 10/- each at a premium of Rs. 1.05 per share for cash to promoter and non - promoter group on preferential basis.

The Stock closed the day at Rs.13.19, down by Rs.0.29 or 2.15%. The stock hit an intraday high of Rs.13.67 and low of Rs.12.91.

The total traded quantity was 3295 compared to 2 week average of 23409.

Source : Equity Bulls

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