Vimal Oil & Foods Ltd allots 8,70,000 equity shares at a price of Rs. 65/- on preferential basis

Vimal Oil & Foods Ltd has allotted 8,70,000 equity shares of Rs. 10/- each at a price of Rs. 65/- (at a Premium of Rs, 55/-) to some of the allottees on July 04, 2012 on preferential basis, pursuant to the approval by the shareholders of the Company through the postal ballot, the result of which was declared on June 19, 2012.

The Vimal Oil & Foods Ltd stock closed the day at Rs.72.10, up by Rs.2.20 or 3.15%. The stock hit an intraday high of Rs.75 and low of Rs.70.

The total traded quantity was 6308 compared to 2 week average of 5322.

Source : Equity Bulls

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