Nila Infrastructures allots 172000000 shares

Nila Infrastructures Ltd has announced that the Board of Directors of the Company at its meeting held on July 24, 2010, has made allotment of 172000000 [Seventeen Crores Twenty Lacs Only] Equity Shares of Re. 1/- each at a premium of Rs. 1.2/- per share to the shareholders of Pearl Stockholdings Pvt. Ltd.

The stock was trading at Rs.3, up by Rs.0.05 or 1.69%. The stock hit an intraday high of Rs.3.17 and low of Rs.2.99.

The total traded quantity was 0.54 lakhs compared to 2 week average of 1.23 lakhs.

Source : Equity Bulls

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