Essen Supplements India approves allotment of 40 lakh shares

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

The allottees include 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 closed the day 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 267.

Source : Equity Bulls

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