Shiv Vani Oil allots 2457895 shares

Shiv-Vani Oil & Gas Exploration Services Ltd has announced that the Committee of Directors of the Company at its meeting held on March 23, 2010, allotted 2,457,895 Equity Shares of Rs 10/- each at a premium of Rs 370/- per share to M/s Templeton Strategic Emerging Markets Fund III, L.D.C., a Company incorporated under the laws of Cayman Islands, against receipt of full amount of Rs 93,40,00,100/- (Rs 2,45,78,950/- towards application & allotment money and Rs 90,94,21,150/- as share premium).

The stock closed the day at Rs.406.15, up by Rs.4.05 or 1.01%. The stock hit an intraday high of Rs.415 and low of Rs.405.05.

The total traded quantity was 25685 compared to 2 week average of 17164.

Source : Equity Bulls

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