Reliance Infrastructure allots 22550000 Equity Shares to promoters

Reliance Infrastructure Ltd has announced that the Committee of Directors of the Company at its meeting held on January 07, 2011, has allotted 2,25,50,000 equity shares of Rs. 10 each for cash at a price of Rs. 928.89 (including a premium of Rs. 918.89) per equity share to AAA Project Ventures Private Limited, being the Promoter, against the warrants issued on July 09, 2009.

Consequent upon the said allotment, the paid-up capital of the Company stands increased to 26,74,20,262 fully paid up equity shares of Rs. 10 each.

The stock was trading at Rs.825.10, down by Rs.34.40 or 4%. The stock hit an intraday high of Rs.874.90 and low of Rs.825.

The total traded quantity was 3.64 lakhs compared to 2 week average of 2.59 lakhs.

Source : Equity Bulls

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