Balrampur Chini Mills allots 44048 Equity Shares

Balrampur Chini Mills Ltd has announced that 44048 equity shares of Re. 1 each of the Company have been issued and allotted on September 09, 2010 to the shareholders of Indo Gulf Industries Ltd, pursuant to order dated June 24, 2010 of the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) containing the Scheme of Arrangement for the demerger of Sugar Division of IGIL and its merger with Balrampur Chini Mills Ltd.

The stock closed the day at Rs.89.35, down by Rs.1 or 1.11%. The stock hit an intraday high of Rs.91.40 and low of Rs.88.40.

The total traded quantity was 534093 compared to 2 week average of 418932.

Source : Equity Bulls

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