Ganesh Polytex allots 1050000 equity shares

Ganesh Polytex Ltd has announced that the 'Securities Allotment and Certificate Issuance Committee' of Board of Directors of the Company at its meeting held on April 01, 2010 has made the Allotment of 10,50,000 Equity Shares to the Promoters of the Company, consequent upon the exercise of conversion option attached to 10,50,000 warrants earlier allotted to the said Promoters on preferential basis on January 28, 2010.

With the aforesaid allotment, the total Paid-up Equity Share Capital of the Company has been enhanced from Rs. 12,32,00,000/- to Rs. 13,37,00,000/- divided into 1,33,70,000 Equity Shares of Rs. 10/- each.

The stock closed the day at Rs.47.10, up by Rs.4.25 or 9.92%. The stock hit an intraday high of Rs.47.10 and low of Rs.43.50.

The total traded quantity was 421370 compared to 2 week average of 87374.

Source : Equity Bulls

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