Aegis Logistics allots 2120190 Equity Shares on Preferential basis

The Allotment Committee of the Board of Directors of Aegis Logistics Ltd at its meeting held on March 23, 2011 has allotted to Infrastructure India Holdings Fund LLC, on preferential basis, 21,20,190 equity shares of Rs. 10 each at a price of Rs. 322 per share with a lock in period of one year from the date of allotment and will be locked in upto March 22, 2012.

The allotment of shares is pursuant to the Subscription and Shareholders Agreement entered into approved by the Board of Directors at its meeting held on February 25, 2011 and the consent accorded by the Members and Shareholders of the Company at the Extra-ordinary General Meeting held on March 23, 2011.

The stock closed the day at Rs.288.85, up by Rs.1.40 or 0.49%. The stock hit an intraday high of Rs.289.45 and low of Rs.286.60.

The total traded quantity was 0.21 lakhs compared to 2 week average of 0.21 lakhs.

Source : Equity Bulls

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