Birla Shloka Edutech approves allotment of 6955000 shares under FPO

Birla Shloka Edutech Ltd has announced that the Public Issue Committee of the Board of Directors of the Company at their meeting held on January 27, 2010, inter alia, have approved the allotment of 69,55,000 equity shares of Rs. 10/- each for cash at a premium of Rs. 40/-per share (i.e. at a price of Rs. 50/- per share) aggregating to Rs. 34,77,50,000/-, to the eligible applicants as per the basis of allotment approved by the regulatory authority.

The stock closed the day at Rs.47, down by Rs.3.35 or 6.65%. The stock hit an intraday high of Rs.51.70 and low of Rs.45.60.

The total traded quantity was 22421 compared to 2 week average of 27262.

Source : Equity Bulls

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