Orbit Corporation allots 10 lakh shares Equity Shares

Orbit Corporation Ltd has announced that the Company has alloted 10,00,000 (aggregating 20,00,000) equity shares each to Mr Ravi Kiran Aggarwal and Mr. Pujit Aggarwal, the Promoters of the Company on conversion of warrants by circular resolution on March 31, 2010.

The equity shares issued as above shall rank pari-passu with the existing equity shares of the Company.

With the above allotment of shares, the total paid up equity share capital of the Company stands at Rs 549,809,450/-.

The stock was trading at Rs.276.45, up by Rs.1.15 or 0.42%. The stock hit an intraday high of Rs.281.20 and low of Rs.275.35.

The total traded quantity was 190959 compared to 2 week average of 333748.

Source : Equity Bulls

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