Signet Industries to consider allotment of 24322500 bonus shares on Nov 22, 2010

Signet Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 22, 2010, inter alia, for the allotment of 2,43,22,500 (Two crores fourty three lacs twenty two thousand five hundred) equity shares of Rs. 10/- (Rupees Ten Only) each Bonus shares in proportion of 5 (Five) new equity shares for 1 (one) existing shares of Rs. 10/- (Rupees Ten Only) each (Five fully paid bonus shares for every one existing fully paid equity share).

The stock closed the day at Rs.324.85, up by Rs.15.45 or 4.99%. The stock hit an intraday high of Rs.324.85 and low of Rs.324.85.

The total traded quantity was 10 compared to 2 week average of 20.

Source : Equity Bulls

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