Responsive Industries allots 1372500 shares

Responsive Industries Ltd has announced that the Board of Directors of the Company at its meeting held on August 09, 2010, has issued and allotted 13,72,500 nos. of Equity shares of Rs. 10/- each fully paid up at premium of Rs. 500/- per share pursuant to conversion of 0% 7000 Compulsorily Convertible Debentures (CCDs) which were allotted by the Company on April 15, 2009.

The Register of Members & Share Transfer Books of the Company will remain closed from September 06, 2010 to September 10, 2010 (both days inclusive) for the purpose of Payment of Dividend & 28th Annual General Meeting (AGM) of the Company to be held on September 10, 2010.

The stock was trading at Rs.860.30, up by Rs.14.20 or 1.68%. The stock hit an intraday high of Rs.861 and low of Rs.835.90.

The total traded quantity was 22688 compared to 2 week average of 19096.

Source : Equity Bulls

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