Globus Constructors withdraws preferential allotment of 36,00,000 Equity Shares to Promoter and Non Promoter Group

Globus Constructors & Developers Ltd has announced that the proposed strategic investors have withdrawn their consent for the preferential allotment of 36,00,000 Equity Shares to Promoter and Non Promoter Group, as now they does not wish to bring the balance amount if the price of the shares to be allotted on preferential basis be revised.

Beside this Promoters have also decided to hold back their decision till they found some other strategic investors to whom shares can be allotted.

The stock last traded on August 23, 2010 at Rs.5.25, up by Rs.0.25 or 5%. The stock hit an intraday high of Rs.5.25 and low of Rs.5.25.

The total traded quantity was 200 compared to 2 week average of 200.

Source : Equity Bulls

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