Sirpur Paper Mills allots 877869 shares

Sirpur Paper Mills Ltd has announced that the meeting of the Committee of directors (Preferential Issue Allotment Committee) held on May 28, 2010 allotted 8,77,869 - Ordinary Shares of Rs. 10/- each for cash at a premium of Rs. 47/- per ordinary share to M/s. Aravali Securities & Finance Ltd., a promoter of the Company on preferential basis as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The stock closed the day at Rs.50.15, up by Rs.0.15 or 0.30%. The stock hit an intraday high of Rs.51 and low of Rs.49.30.

The total traded quantity was 804 compared to 2 week average of 3866.

Source : Equity Bulls

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