Interlink Petroleum allots 65.20 lakh shares

Interlink Petroleum Ltd has announced that at its meeting held on March 04, 2010, the Management Committee of Directors of the Company, as constituted by the Board at its meeting held on January 19, 2010, has issued and allotted 65,20,000 equity Shares of Rs. 10 each at the premium of Rs. 23 per Share, on Preferential basis to the following Non-promoter Foreign Companies on Repatriation basis, subject to requisite compliance of applicable Regulations under Foreign Exchange Management Act, 2000.

The allottes include, Upstream Petroleum Pte Ltd. - 15,20,000 shares, Rosewell Services Sdn Bhd. - 25,00,000 shares, Harbour Sun Enterprises Ltd. - 15,00,000 shares and Pacific Hill International Ltd. - 10,00,000 shares.

The stock was trading at Rs.39.30, up by Rs.1.85 or 4.94%. The stock hit an intraday high of Rs.39.30 and low of Rs.39.30.

The total traded quantity was 17100 compared to 2 week average of 7756.

Source : Equity Bulls

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