Educomp Solutions allots 55643 Equity Shares on Preferential Basis

Educomp Solutions Ltd has announced that pursuant to the approval of the shareholders, granted in the 16th Annual General Meeting held on September 27, 2010, Board of Directors by passing resolution by circulation on September 29, 2010 has allotted of 55,643 Equity Shares of the face value of Rs. 2/- each at a price of Rs. 629/- per share (including a premium of Rs. 627/- per share) to promoters of Vidya Mandir Classes Pvt. Ltd.

Post allotment Paid up capital of the Company has increased from Rs. 19,09,10,706/- consisting of 95,455,353 equity shares of the face value of Rs. 2/- each to Rs. 19,10,21,992/- consisting of 95,510,996 equity shares of the face value of Rs. 2/- each.

The stock closed the day at Rs.609.95, down by Rs.5.10 or 0.83%. The stock hit an intraday high of Rs.627.30 and low of Rs.607.10.

The total traded quantity was 123834 compared to 2 week average of 278719.

Source : Equity Bulls

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