Chakkilam Infotech allots 750000 shares

Chakkilam Infotech Ltd has announced that the Board of Directors of the Company at its meeting held on October 30, 2010 has allotted 7,50,000 (Seven Lakh Fifty Thousand) Equity Shares of Rs. 10/- each to Mr. C. Srikanth, belong to promoter group, upon conversion of 7,50,000 (Seven Lakh Fifty Thousand) number of warrants into equivalent number of equity shares by way of preferential allotment. The promoters' shareholding in the Company after such allotment on conversion of Warrants has increased to 44.89% from 40.09%.

The stock closed the day at Rs.14.70, up by Rs.0.70 or 5%. The stock hit an intraday high of Rs.14.70 and low of Rs.14.70.

The total traded quantity was 105 compared to 2 week average of 2604.

Source : Equity Bulls

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