Oriental Bank of Commerce to allot 41221482 shares to GOI

The shareholders of Oriental Bank of Commerce unanimously approved the Special Resolution for issue and allotment of 4,12,21,482 equity shares of Rs. 10 each at Rs. 422.11 per share aggregating to Rs. 1739,99,99,767.00 (Rupees One thousand seven hundred thirty nine crores, ninety nine lacs ninety nine thousand seven hundred and sixty seven only) to Government of India on preferential basis at the Extraordinary General Meeting held on March 29, 2011.

The stock closed the day at Rs.384.55, up by Rs.2.60 or 0.68%. The stock hit an intraday high of Rs.387.65 and low of Rs.381.50.

The total traded quantity was 0.57 lakhs compared to 2 week average of 0.87 lakhs.

Source : Equity Bulls

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