UT allots 864934 Equity Shares

UT Ltd has announced that the Share Allotment Committee of the Board of Directors at its meeting held on March 02, 2010, has approved the a1lotment of 8,64,934 Equity Share out of the proposed issue of 13,81,448 Equity Shares, at a price of Rs. 14.53 (including premium of Rs 4.53 each) per share to M/s. MBCV Holdings Ltd., non-promoter against their payment of Rs.1,25,67,500/- (equivalent to US$ 2,75,000).

The stock was trading at Rs.15.75, down by Rs.0.80 or 4.83%. The stock hit an intraday high of Rs.16.80 and low of Rs.15.75.

The total traded quantity was 535 compared to 2 week average of 11828.

Source : Equity Bulls

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