Aditya Birla Money allots 800000 Preference Shares

A Committee of the Board of Directors of Aditya Birla Money Ltd has on March 31, 2011, allotted 8,00,000 8% Redeemable Non Convertible Non Cumulative Preference Shares of Rs. 100/- each at a premium of Rs. 150/- per share for cash aggregating to Rs. 20,00,00,000 on a private placement basis to Aditya Birla Financial Services Pvt. Ltd., holding Company of the Company.

The stock closed the day at Rs.24.30, down by Rs.0.10 or 0.41%. The stock hit an intraday high of Rs.27 and low of Rs.23.45.

The total traded quantity was 9751 compared to 2 week average of 10116.

Source : Equity Bulls

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