Nicco Corporation allots securities under Preferential Allotment

Nicco Corporation Ltd has announced that the Company has allotted 9,80,392 Equity Shares of the Face Value of Rs. 2/- each @ of Rs. 6.12 per Equity Share to selected Associates of Creditors on July 07, 2010, pursuant to the approval of the Shareholders.

The stock was trading at Rs.6.05, down by Rs.0.07 or 1.14%. The stock hit an intraday high of Rs.6.15 and low of Rs.6.01.

The total traded quantity was 17721 compared to 2 week average of 60190.

Source : Equity Bulls

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