Asian Granito India Ltd allots 11 lakh shares

The Board meeting of Asian Granito India Ltd held on August 30, 2011 have considered and issued 11,00,000 Equity Shares along with 12,00,000 Convertible Warrants to Promoters and 8,42,500 Convertible Warrants to Non-Promoters @ Rs. 48 each at a premium of Rs. 38/- per share, on a preferential allotment basis.

The stock was trading at Rs.45.25, up by Rs.4.30 or 10.50%. The stock hit an intraday high of Rs.45.25 and low of Rs.45.25.

The total traded quantity was 1 compared to 2 week average of 1453.

Source : Equity Bulls

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