Granules India EGM approves issue of 22,11,200 shares to ISP Investco LLC

Granules India Ltd has announced that the shareholders at the Extraordinary General Meeting (EGM) of the Company held on April 30, 2007, inter alia, had unanimously approved the issue of 22,11,200 equity shares of the Company of the face value of Rs 10/- each fully paid-up on preferential basis to ISP Investco LLC at a price of Rs 105.50/- per share (including premium).

The stock closed the day at Rs.119.05, down by Rs.0.50 or 0.42%. The total traded quantity was 114927 compared to 2 week average of 135135. The stock hit an intraday high of Rs.121.80 and low of Rs.114.35.

Source : Equity Bulls

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