Pratibha Industries allots 3804348 shares

Pratibha Industries Ltd has announced that pursuant to the approval of the members in the general meeting held on November 10, 2010, the Board of Directors of the Company at its meeting held on November 25, 2010, has allotted via the preferential allotment route, 38,04,348 (Thirty Eight Lacs Four Thousand Three Hundred Forty Eight) Equity Shares for Rs. 92/- (Rupees Ninety Two Only) per Equity Share including premium of Rs. 90 per shares and 16,30,435 CCPPS for Rs. 92 each, convertible into equity shares of Rs. 2 each at a premium of Rs. 90 each, aggregating to Rs. 50,00,00,036 (Rupees Fifty Crores Thirty Six only) to "Van Dyck" a subsidiary of "ChrysCapital V, LLC".

The stock closed the day at Rs.71.95, down by Rs.0.25 or 0.35%. The stock hit an intraday high of Rs.72.95 and low of Rs.71.10.

The total traded quantity was 0.35 lakhs compared to 2 week average of 1.05 lakhs.

Source : Equity Bulls

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