GSS America Infotech to allot 1.4 million shares

GSS America Infotech Ltd has announced that the QIP issue Committee of the Company at their meeting held on June 16, 2010 has decided to issue and allot 14,00,000 equity shares of Rs. 10/- each at a premium of Rs. 316.06/- per equity share under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) regulations, 2009 as amended ("the Regulations").

The stock closed the day at Rs.309.10, down by Rs.6.45 or 2.04%. The stock hit an intraday high of Rs.317 and low of Rs.308.

The total traded quantity was 30109 compared to 2 week average of 23313.

Source : Equity Bulls

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