PI Industries allots 3729167 Bonus Equity Shares

PI Industries Ltd has announced that pursuant to the approval of the shareholders of the Company through Postal Ballot for the issue of Bonus Shares in the ratio of one Bonus Equity Share of Rs. 10/- each for every two Equity Shares held (1:2), the Committee of Directors at its meeting held on July 12, 2010, allotted 3729167 Equity Shares of Rs. 10/- each (Fully paid) as Bonus Shares to the shareholders of the Company whose names appear on the records of the Company i.e. in the list of beneficial owners maintained by the Depositories and the Register of Members as on July 10, 2010. Consequently, the paid-up equity share capital of the Company has increased to Rs. 11,18,75,010/- consisting of 1,11,87,501 equity shares of Rs. 10/- each.

The stock closed the day at Rs.420, down by Rs.20 or 4.55%. The stock hit an intraday high of Rs.449 and low of Rs.418.05.

The total traded quantity was 1407 compared to 2 week average of 3248.

Source : Equity Bulls

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