Allcargo Logistics Ltd allots 126047762 shares

The Board of Directors of Allcargo Logistics Ltd at its meeting held on January 1, 2016 has considered and approved allotment of 126,047,762 equity shares of Rs. 2/- each fully paid up as Bonus Shares in the ratio of 1:1 to the Members of the Company whose names appeared in the Register of Members/List of Beneficial Owners as on the Record Date i.e. December 31, 2015.

Consequent to the aforesaid allotment of Bonus Shares, the issued, subscribed and paid up share capital of the Company stands increased from Rs.252,095,524/- divided into 126,047,762 equity shares of Rs. 2/- each fully paid up to Rs.504,191,048/- divided into 252,095,524 equity shares of Rs. 2/- each fully paid up. The Bonus shares so allotted shall rank pari passu in all respect with the existing equity shares of the Company including dividend entitlement.

Shares of ALLCARGO LOGISTICS LTD. was last trading in BSE at Rs.201 as compared to the previous close of Rs. 203. The total number of shares traded during the day was 26836 in over 783 trades.

The stock hit an intraday high of Rs. 203.65 and intraday low of 201. The net turnover during the day was Rs. 5430776.

Source : Equity Bulls

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