Maytas Infra allots 15459133 Equity Shares

Maytas Infra Ltd has announced that pursuant to the Special Resolution passed by the Members of the Company in the Extra-ordinary General Meeting held on July 19, 2010, the Board of Directors of the Company in their Meeting held on July 30, 2010 allotted 1,54,59,133 Equity Shares of the Company to M/s. SBG Projects Investments Ltd., Mauritius on preferential basis at a price of Rs. 195.30 per equity share.

The Company had received Rs. 301,91,68,675/- (Rupees Three hundred One Crore Ninety-one lakh Sixty-eight thousand and Six hundred Seventy-five only) against the allotment of these shares. Further, the Company has already obtained in-principle approval from the stock exchanges for allotment of these shares.

The stock closed the day at Rs.207.55, up by Rs.1.85 or 0.90%. The stock hit an intraday high of Rs.212 and low of Rs.205.70.

The total traded quantity was 2.21 lakhs compared to 2 week average of 1.25 lakhs.

Source : Equity Bulls

Keywords