RTS Power Corporation approves allotment of 6 lakh shares

RTS Power Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on October 12, 2010, has approved allotment of 6,00,000 Nos. Equity Shares of Rs. 10/- each of the Company for cash, at a Premium of Rs. 48/- per Share to a Company of the Promoters Group and one Independent Investor, on their payment of the Share money, including Premium amount, in full.

The stock was trading at Rs.54.05, up by Rs.0.85 or 1.60%. The stock hit an intraday high of Rs.54.80 and low of Rs.53.35.

The total traded quantity was 754 compared to 2 week average of 4149.

Source : Equity Bulls

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