Essen Supplements India to consider allotment of 4 million shares on Oct 15, 2010

Essen Supplements India Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 15, 2010, inter alia, to consider the allotment of 40,00,000 Equity Shares of Rs. 10/- each at par on preferential basis to certain Investors in compliance with Chapter VII of the SEBI (ICDR) Regulations, 2009.

The allottees will be Mr. Ganesh Kumar Singhania (18,50,000 shares), Mrs. Anita Singhania (18,50,000 shares) and M/s. Vastav Dealers Pvt. Ltd. (3,00,000 shares).

The stock was trading at Rs.12.15, up by Rs.0.57 or 4.92%. The stock hit an intraday high of Rs.12.15 and low of Rs.12.15.

The total traded quantity was 200 compared to 2 week average of 300.

Source : Equity Bulls

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