Dish TV India updates on rights allotment

Dish TV India Ltd has announced with reference to the Second and final Call of Rs. 8 per share on each of 518,149,592 partly paid up equity shares and had fixed February 05, 2010 as the record date for the same, pursuant to receipt of Second and Final Call amount money from shareholders, Company has initially converted 493,490,672 partly paid equity shares to fully paid equity shares. The partly paid equity shares in dematerialised form after conversion to fully paid has been credited in the ISIN No. INE836F01026.

In respect of partly paid equity shares held in physical form, the Company has issued new fully paid equity share certificates without surrender of the old partly paid equity share certificates and accordingly the old partly paid share certificates are no longer valid and stands cancelled.

Further, as and when Company receives Second and Final Call money on any partly paid equity shares held in physical form, Company shall issue fully paid equity share certificates without surrender of the old partly paid equity share certificates and accordingly the old partly paid equity share certificates shall no longer remain valid and shall stand cancelled. Public should not deal / receive / deliver / trade under these partly paid share certificates.

The stock closed the day at Rs.37.40, down by Rs.1.35 or 3.48%. The stock hit an intraday high of Rs.39.45 and low of Rs.37.05.

The total traded quantity was 921454 compared to 2 week average of 803663.

Source : Equity Bulls

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