Indowind Energy allots 20 lakh Shares

Indowind Energy Ltd has announced that Share Allotment Committee of the Company met on June 30, 2010, and allotted 20 lakh Shares in favour of M/s. Subuthi Investments Private Ltd. since they have paid Rs. 5,72,70,000/- towards the balance amount for 20 lakh share warrants (25% has been already paid by them). The balance 20 lakh shares will be allotted to M/s. Subuthi Investments Private Ltd. as and when the remaining amount is paid by them.

The stock was trading at Rs.53.20, up by Rs.2.90 or 5.77%. The stock hit an intraday high of Rs.54.55 and low of Rs.50.20.

The total traded quantity was 862655 compared to 2 week average of 258560.

Source : Equity Bulls

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