Aditya Birla Money allots Preference Shares worth Rs. 5 crore

A Committee of the Board of Directors of Aditya Birla Money Ltd, has on September 30, 2013 allotted 1,00,000 8% Redeemable Non Convertible Non Cumulative Preference Shares of Rs. 100/- each at a premium of Rs. 400/- per share for cash aggregating to Rs. 5,00,00,000 on a private placement basis to Aditya Birla Financial Services Private Limited, holding company of the Company.

Shares of Aditya Birla Money Ltd last traded in BSE at Rs.13.60, down by Rs.0.66 or 4.63%. The stock hit an intraday high of Rs.14.50 and low of Rs.13.60.

The total traded quantity was 900 compared to 2 week average of 2312.

Source : Equity Bulls

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