Godrej Consumer Products allots 16707317 shares at Rs.410

In terms of the shareholders approval vide the special resolution passed in the EGM on February 21, 2012, the Board of Directors of Godrej Consumer Products Ltd have on February 24, 2012, issued and allotted 16,707,317 equity shares of Re. 1 each at a premium of Rs. 409 per share to Baytree Investments (Mauritius) Pte Ltd., on a preferential basis.

Consequently the subscribed and paid-up capital of the Company stands enhanced to 340,297,461 equity shares of Re. 1 each.

The Godrej Consumer Products Ltd stock was trading at Rs.449, down by Rs.0.35 or 0.08%. The stock hit an intraday high of Rs.455 and low of Rs.445.05.

The total traded quantity was 5141 compared to 2 week average of 21769.

Source : Equity Bulls

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