Agio Paper defers preferential allotment

Agio Paper & Industries Ltd has announced that the Board of Directors of the Company at their meeting held on December 03, 2010, could not complete the process of allotment of 10,000,000 equity shares on preferential basis owing to certain technical issues and the allotment has been deferred and a fresh date for approval shall be intimated upon further approval.

The stock was trading at Rs.9.87, down by Rs.0.51 or 4.91%. The stock hit an intraday high of Rs.9.90 and low of Rs.9.87.

The total traded quantity was 2600 compared to 2 week average of 1888.

Source : Equity Bulls

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