Pratibha Industries allots 12195609 shares

Pratibha Industries Ltd has announced that the Board of Directors of the Company at its meeting held on October 15, 2010, inter alia, has issued and allotted 1,21,95,609 equity shares of face value of Rs. at a price of Rs. 82/- per share (including premium of Rs. 80/- per equity share), aggregating to Rs. 1,000,039,938.00.

Consequent to above allotment, the paid up share capital of the Company increase from Rs. 1,66,85,000 consisting of 8,34,25,000 equity shares of Rs. 2/- each to Rs. 19,12,41,218 consisting of 9,56,20,659 equity shares of Rs. 2/- each.

The stock was trading at Rs.83.30, down by Rs.1.05 or 1.24%. The stock hit an intraday high of Rs.84.50 and low of Rs.82.

The total traded quantity was 1.24 lakhs compared to 2 week average of 5.44 lakhs.

Source : Equity Bulls

Keywords