Nu Tek India closes GDR issue

Nu Tek India Ltd has announced that the Board of Directors of the Company at its meeting held on August 05, 2010, inter alia, has decided to close the GDRs issue after successful subscription of 29 Million USD and has decided to allot 40000000 (Four Crores) equity shares of Rs. 5 (Five) each representing 4000000 (Fourty Lakhs) GDRs at a rate USD 7.25 per GDR.

The stock was trading at Rs.40.10, up by Rs.5.10 or 14.57%. The stock hit an intraday high of Rs.41 and low of Rs.34.10.

The total traded quantity was 2.52 lakhs compared to 2 week average of 0.24 lakhs.

Source : Equity Bulls

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