Lumax Auto Technologies to issue 20 lakh shares

Lumax Auto Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on June 26, 2010, inter alia, has decided to issue 20 lacs Equity Shares of Rs. 10/- each to Promoter and Non-Promoter entities on Preferential Basis by Private Placement as per Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The stock was trading at Rs.126.65, up by Rs.6 or 4.97%. The stock hit an intraday high of Rs.126.65 and low of Rs.125.65.

The total traded quantity was 16602 compared to 2 week average of 9868.

Source : Equity Bulls

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