Concurrent (India) to approve allotment of shares on Jan 27, 2010

Concurrent (India) Infrastructure Ltd has announced that a meeting of the Board of Directors of the Company will be held on January 27, 2010, inter alia, to approve the allotment of equity shares on preferential basis in view of receipt of in principle approval from stock exchange for the issue / allotment of equity shares on preferential basis.

The Stock closed the day at Rs.10.27, up by Rs.0.92 or 9.84%. The stock hit an intraday high of Rs.10.28 and low of Rs.9.68.

The total traded quantity was 1541485 compared to 2 week average of 328009.

Source : Equity Bulls

Keywords