Store One Retail India allots 32 lakh shares to Promoter

The Board of Directors of Store One Retail India Ltd at its meeting held on December 04, 2012, has issued and allotted an aggregate of 32,00,000 (thirty two lac) equity shares of face value Rs. 10 each of the Company, to Indiabulls Wholesale Services Limited, the promoter of the Company.

In the said meeting Board has also decided to redeem 149,000 non-convertible redeemable preference shares of Rs. 10 each.

The Store One Retail India Ltd stock closed the day at Rs.50.15, up by Rs.2.35 or 4.92%. The stock hit an intraday high of Rs.50.15 and low of Rs.45.50.

The total traded quantity was 0.26 lakhs compared to 2 week average of 0.42 lakhs.

Source : Equity Bulls

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