Transgene Biotek Ltd allots 2500000 GDRs

The Board of Directors of Transgene Biotek Ltd at its meeting held on October 03, 2011, has allotted 2,500,000 GDRs underlying 25,000,000 Equity Shares of Rs. 10/- each @ US$ 7 per GDR aggregating to US$ 17.5 million.

The stock was trading at Rs.31.50, up by Rs.1.70 or 5.70%. The stock hit an intraday high of Rs.31.50 and low of Rs.30.45.

The total traded quantity was 0.29 lakhs compared to 2 week average of 0.30 lakhs.

Source : Equity Bulls

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