Rohit Ferro-Tech to allot shares on preferential basis

A meeting of the Board of Directors of Rohit Ferro-Tech Ltd will be held on February 20, 2012, to allot 250,00,000 Equity Shares on preferential basis at a price of Rs. 60/- per equity Share (including a premium of Rs. 50/- per share).

The Rohit Ferro-Tech Ltd stock was trading at Rs.34.70, down by Rs.0.45 or 1.28%. The stock hit an intraday high of Rs.35.70 and low of Rs.34.60.

The total traded quantity was 0.14 lakhs compared to 2 week average of 0.69 lakhs.

Source : Equity Bulls

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