ACI Infocom to allot 29 lakh shares

ACI Infocom Ltd has announced that a meeting of the Board of Directors of the Company will be held on January 01, 2011, inter alia, to issue and allot 29,00,000 Equity Shares on Preferential Allotment basis vide Resolution passed by the Shareholders through Postal Ballot and in pursuant to in-principal approval received from Stock Exchange.

The stock closed the day at Rs.35.75, up by Rs.2.70 or 8.17%. The stock hit an intraday high of Rs.36.30 and low of Rs.35.10.

The total traded quantity was 2550 compared to 2 week average of 22503.

Source : Equity Bulls

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