Transwarranty Finance approves allotment of 6625013 shares

Transwarranty Finance Ltd has announced that the Board of Directors of the Company at its meeting held on October 29, 2010, inter alia, has approved the allotment of 66,25,013 equity shares of Rs. 10/- each as fully paid-up and 38,14,540 equity shares of Rs. 10/- each at Rs. 2.50/- as partly paid-up to the shareholders of erstwhile Companies Transwarranty Credit Care Pvt. Ltd. and Transwarranty Forex & Commodities Pvt. Ltd. in terms of scheme of amalgamation approved by the Hon'ble High Court, Bombay, vide order October 15, 2010.

The Board approves allotment of 21,015 equity shares under ESOP-2008.

The stock closed the day at Rs.38.25, down by Rs.2 or 4.97%. The stock hit an intraday high of Rs.41.80 and low of Rs.38.25.

The total traded quantity was 2130 compared to 2 week average of 5513.

Source : Equity Bulls

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