Nilkamal allots 2140181 shares at Rs 280.35

Nilkamal Ltd has announced that a duly authorized, committee of the board of directors of the Company has decided that the bid closing date for the Issue is July 20, 2010 and that further to bids received from qualified institutional buyers pursuant to the Issue, the Committee has approved the issue of 21,40,181 Equity Shares of the Company at a price of Rs 280.35 per equity share of the Company aggregating to Rs. 599,999,743.35 (Rupees Fifty Nine Crores Ninety Nine Lacs Ninety Nine Thousand Seven Hundred and Forty Three and Paise Thirty Five only).

The stock was trading at Rs.309.50, down by Rs.0.70 or 0.23%. The stock hit an intraday high of Rs.314.95 and low of Rs.309.

The total traded quantity was 18745 compared to 2 week average of 83227.

Source : Equity Bulls

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