Visagar Polytex allots 560000 shares

Visagar Polytex Ltd has announced that the Board of Directors of the Company at its meeting held on April 19, 2010, has resolved and allotted 5,60,000 Equity Shares of Re. 1/- each in exchange of Warrants, which were issued on February 11, 2010 to Promoters and Non Promoters in terms of Special Resolution passed at the Extraordinary General Meeting of the Company held on January 08, 2010.

The stock closed the day at Rs.129.90, up by Rs.1.90 or 1.48%. The stock hit an intraday high of Rs.129.90 and low of Rs.122.75.

The total traded quantity was 5643 compared to 2 week average of 4045.

Source : Equity Bulls

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