Videocon Industries allots 51392243 Equity Shares

Videocon Industries Ltd has announced that the Rights Issue Committee of the Board of Directors of the Company at its meeting held on April 22, 2010, has allotted 5,13,92,243 Equity Shares of Rs. 10/- each at a Premium of Rs. 215.00 per Equity Share on Rights Basis. The amount paid on application was Rs. 112.50 (Rs. 5.00 towards face value and Rs. 107.50 towards premium).

The stock closed the day at Rs.240.70, down by Rs.0.40 or 0.17%. The stock hit an intraday high of Rs.246.50 and low of Rs.238.70.

The total traded quantity was 456674 compared to 2 week average of 354645.

Source : Equity Bulls

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