MCS to allot 3.5 lakh shares at Rs 15.60

MCS Ltd has announced that the Board of Directors of the Company at its meeting held on February 08, 2010, has resolved to allot 3,50,000 equity shares of Rs. 10/- each at a price of Rs. 15.60 per share (including a premium of Rs. 5.60 per share) on preferential basis to M/s. Gagan Merchant Pvt. Ltd, Kolkata.

The stock closed the day at Rs.17.85, down by Rs.0.45 or 2.46%. The stock hit an intraday high of Rs.19.95 and low of Rs.17.85.

The total traded quantity was 452 compared to 2 week average of 5178.

Source : Equity Bulls

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