Videocon Industries allots 7541300 Equity Shares

Videocon Industries Ltd has announced that in terms of the resolution passed by the members of the Company at the Extraordinary General Meeting held on June 22, 2010, the Shareholders' Committee of the Board of Directors of the Company, at its meeting held on July 07, 2010, has issued and allotted 75,41,300 Equity Shares, on preferential basis, at a price of Rs. 211.96 per Equity Share, being the price determined in terms of Regulation 76(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The stock was trading at Rs.214.95, up by Rs.2.50 or 1.18%. The stock hit an intraday high of Rs.216.80 and low of Rs.214.15.

The total traded quantity was 93423 compared to 2 week average of 186371.

Source : Equity Bulls

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