Suryaamba Spinning Mills approves allotment of 550000 CRPS

Suryaamba Spinning Mills Ltd has announced that the Board of Directors of the Company at its meeting held on October 15, 2010, inter alia, taken on record of the Circular Resolution passed on October 01, 2010 for allotment of 5,50,000 cumulative Redeemable Preference Shares of Rs. 100/- each to the promoters of the Company.

The stock closed the day at Rs.94.35, up by Rs.4.45 or 4.95%. The stock hit an intraday high of Rs.94.35 and low of Rs.90.50.

The total traded quantity was 24375 compared to 2 week average of 8420.

Source : Equity Bulls

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