Phillips Carbon allots 4964376 Shares to Qualified Institutional Buyers

Phillips Carbon Black Ltd has announced that the authorised Committee of Directors on April 30, 2010, has issued and allotted 49,64,376 Equity Shares of Rs. 10/- each, fully paid-up at a price of Rs. 200/- per share aggregating to Rs. 99,28,75,200 to Qualified Institutional Buyers in terms of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The stock closed the day at Rs.221.75, up by Rs.3.35 or 1.53%. The stock hit an intraday high of Rs.223.75 and low of Rs.217.15.

The total traded quantity was 144746 compared to 2 week average of 182846.

Source : Equity Bulls

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