Bombay Dyeing allots 38616980 Equity Shares

The Committee of Directors of Bombay Dyeing & Manufacturing Company Ltd has allotted 19,30,000 Equity Shares on exercise of conversion Warrants to Perman Project Supports Ltd, a company in the Promoter Group at its meeting held on March 29, 2011.

After the allotment, the share capital of the Company has increased from Rs. 38,61,69,800/-comprising of 3,86,16,980 Equity Shares of Rs. 10/- each to Rs. 40,54,69,800/- comprising of 4,05,46,980 Equity Shares of Rs. 10/- each. Similarly, the Promoters Holding has increased from 1,82,03,921 Equity Shares of Rs. 10/- each to 2,01,33,921 Equity Shares of Rs. 10/- each (49.66% of the increased share capital).

The stock closed the day at Rs.364.60, up by Rs.0.35 or 0.10%. The stock hit an intraday high of Rs.372.05 and low of Rs.363.

The total traded quantity was 0.42 lakhs compared to 2 week average of 0.56 lakhs.

Source : Equity Bulls

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