Samyak International allots 360000 Equity Shares

Samyak International Ltd has announced that the Company has made allotment of 360000 equity shares at a price of Rs. 40/- (including the premium of Rs. 30/-) per share of Rs. 10/- each on a preferential allotment basis at the Board meeting held for the purpose on August 18, 2010.

The allottees include Tikamchand Garg (1,80,000 shares), Rajesh Garg (1,80,000 shares). These shares are subject to lock in as per the Chapter VII of ICDR Regulation.

The stock closed the day at Rs.23.35, down by Rs.0.35 or 1.48%. The stock hit an intraday high of Rs.24.40 and low of Rs.23.

The total traded quantity was 3670 compared to 2 week average of 13141.

Source : Equity Bulls

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