Crest Animation Studios allots 21626958 shares

The Board of Directors of Crest Animation Studios Ltd at its meeting held on July 28, 2011, has approved allotment of 2,16,26,958 equity shares of Rs. 10/- each at a premium of Rs. 71.27 per share pursuant to the Scheme of Amalgamation of Crest Animation Holdings Inc., USA, Crest Communication Holdings Ltd, Mauritius and Crest Interractive Ltd, India with Crest Animation Studios Ltd. as approved by the Hon'ble Bombay High Court vide its Order dated April 01, 2011.

The stock closed the day at Rs.50.25, down by Rs.0.40 or 0.79%. The stock hit an intraday high of Rs.52 and low of Rs.50.

The total traded quantity was 0.17 lakhs compared to 2 week average of 0.21 lakhs.

Source : Equity Bulls

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