Astra Microwave Products allots 406800 shares

Astra Microwave Products Ltd has announced that the Board of Directors of the Company at its meeting held on April 05, 2010, allotted 4,06,800 Equity Shares (inclusive of bonus shares) of Rs. 2/- each fully paid for cash at a premium of Rs. 34.1/- per share to the employees on exercise of options granted under ESOP Scheme - 2005 of the Company as detailed in the Allotment Register.

The stock was trading at Rs.70.10, up by Rs.2.20 or 3.24%. The stock hit an intraday high of Rs.70.60 and low of Rs.68.30.

The total traded quantity was 150255 compared to 2 week average of 134450.

Source : Equity Bulls

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