OCL Iron and Steel allots 4.35 crore preference shares

OCL Iron and Steel Ltd has announced that the Board of Directors of the Company at its meeting held on July 30, 2010, has allotted 43,500,000 (Four Crores Thirty Five lacs) fully paid 2% Redeemable Non-Cumulative Preference Shares of face value of Rs. 10/- each at a premium of Rs. 90/- aggregating to Rs. 435 Crores to Brassco Estates Pvt. Ltd. on preferential basis.

The stock was trading at Rs.62.65, up by Rs.0.50 or 0.80%. The stock hit an intraday high of Rs.63.75 and low of Rs.62.

The total traded quantity was 8394 compared to 2 week average of 42849.

Source : Equity Bulls

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