Rohit Ferro-Tech allots 3,35,00,000 shares at Rs.60

The Board of Directors of Rohit Ferro-Tech Ltd at its meeting held on November 29, 2012, has allotted 3,35,00,000 Equity Shares of Rs. 10/- each at a price of Rs. 60/- per share (including a premium of Rs. 50/- per share) on preferential basis to applicants.

The Rohit Ferro-Tech Ltd stock was trading at Rs.31.25, up by Rs.1.35 or 4.52%. The stock hit an intraday high of Rs.32.40 and low of Rs.30.25.

The total traded quantity was 4.04 lakhs compared to 2 week average of 0.39 lakhs.

Source : Equity Bulls

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