Maruti Infrastructure allots 3 million Equity Shares

Maruti Infrastructure Ltd has announced that pursuant to the approval of the shareholders in the Extra-Ordinary General Meeting of the Company held on September 09, 2010 and the meeting of the Board of Directors of the Company held on September 16, 2010, the Company has allotted 30,00,000 Equity Shares of Rs. 10/- each at a price of Rs. 10/- per Equity Shares to the Promoter of the Company on preferential allotment basis.

The Promoter / Promoter Group - Mr. Nimesh D. Patel has been allotted 3000000 shares. Consequently, on the allotment of 30,00,000 Equity Shares of Rs. 10/- each as aforesaid, the paid up share capital of the Company as on September 16, 2010 stands in to 81,28,500 equity shares of Rs. 10/- each, amounting to Rs. 8,12,85,000/- from 51,28,500 equity shares of Rs. 10/- each amounting to Rs. 5,12,85,000/-.

The stock was trading at Rs.10.85, down by Rs.0.11 or 1%. The stock hit an intraday high of Rs.12.68 and low of Rs.9.87.

The total traded quantity was 2386 compared to 2 week average of 3531.

Source : Equity Bulls

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