Shiv-Vani Oil & Gas Exploration Services allots 2500 Debentures aggregating to Rs.250 Crores

Shiv-Vani Oil & Gas Exploration Services Ltd has announced that the Allotment Committee of Board of Directors of the Company at its meeting held on February 11, 2011, inter alia, allotted 2500 Secured Redeemable Optionally Convertible Debentures of Rs 10,00,000/- each aggregating to Rs. 250 Crores to ICICI BANK LTD., on preferential basis, in accordance with provisions of Chapter VII of SEBI (Issue of Capital and Disclosures Requirements) Regulation 2009.

The stock closed the day at Rs.245.20, down by Rs.9.60 or 3.77%. The stock hit an intraday high of Rs.256.75 and low of Rs.242.15.

The total traded quantity was 6246 compared to 2 week average of 3457.

Source : Equity Bulls

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