ACIL Cotton Industries to allot 9875000 shares

ACIL Cotton Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 30, 2010, to allot 98,75,000 equity shares on preferential basis to promoter & others.

The stock closed the day at Rs.28, down by Rs.0.75 or 2.61%. The stock hit an intraday high of Rs.29.45 and low of Rs.27.60.

The total traded quantity was 5811 compared to 2 week average of 62056.

Source : Equity Bulls

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