Samyak International allots 540000 Equity Shares

Samyak International Ltd has announced that the Company has made allotment of 5,40,000 equity shares at a price of Rs. 10/- each at a price of Rs 40/- (including the premium of Rs. 30/-) on a preferential allotment basis at the Board meeting held for the purpose on August 19, 2010.

The allottees include Sunita Garg (1,80,000 shares), Premlata Garg (1,80,000 shares) and Vishnu Kumar Garg (1,80,000 shares). These shares are subject to lock in as per the Chapter VII of ICDR Regulation.

The stock was trading at Rs.22.90, down by Rs.1.10 or 4.58%. The stock hit an intraday high of Rs.23.75 and low of Rs.22.90.

The total traded quantity was 2 compared to 2 week average of 12350.

Source : Equity Bulls

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