Kadvani Securities allots 7550000 shares

Kadvani Securities Ltd has announced that the Board of Directors of the Company at its meeting held on August 02, 2010, has allotted 75,50,000 Equity Shares of Rs. 10/- each issued at a par to other investors (Non Promoters) on preferential allotment basis in accordance with the resolution passed by the members at the Annual General Meeting held on July 21, 2010.

The stock closed the day at Rs.18.80, down by Rs.0.80 or 4.08%. The stock hit an intraday high of Rs.20.30 and low of Rs.18.80.

The total traded quantity was 9100 compared to 2 week average of 6088.

Source : Equity Bulls

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