Hira Ferro Alloys to allot 15670800 bonus equity shares

The committee of Directors of Hira Ferro Alloys Ltd at its meeting held on July 13, 2011 approved the allotment of 1,56,70,800 equity shares of Rs. 10 each fully paid up as Bonus Shares in the ratio of Four Equity Shares of Rs. 10 each fully paid for every One Equity Share of Rs. 10 each fully paid to all those shareholders whose named appeared on the Register of Members as on the Record date i.e. July 12, 2011 fixed for the purpose. The said Bonus shares have been allotted by capitalizing a sum of Rs. 1567.08 lacs standing to the credit of Share Premium Account.

The stock was trading at Rs.62, up by Rs.2.70 or 4.55%. The stock hit an intraday high of Rs.62 and low of Rs.57.50.

The total traded quantity was 2942 compared to 2 week average of 19445.

Source : Equity Bulls

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