Well Pack Papers allots 35026650 shares

Well Pack Papers & Containers Ltd has announced that the Board of Directors of the Company at its meeting held on March 18, 2010 has allotted 3,50,26,650 equity shares as bonus shares in the proportion of 3 (Three) new fully paid up equity shares of Rs. 1/- each for every 4 (Four) equity shares held in the Company to all the members of the Company, whose names appear in the Register of Members as on the Record Date, March 17, 2010.

The stock was trading at Rs.29.50, down by Rs.0.85 or 2.80%. The stock hit an intraday high of Rs.31 and low of Rs.29.40.

The total traded quantity was 385665 compared to 2 week average of 1117923.

Source : Equity Bulls

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