Aksh Optifibre allots equity shares pursuant to Merger

Aksh Optifibre Ltd has announced that as per the terms of the Scheme of Amalgamation, the Sub Committee of Directors of the Company at its meeting held on August 08, 2007, has allotted 2,02,10,400 equity shares of Rs 5/- each to the shareholders of Aksh Broadband Ltd (Transferor Company), in lieu of their shareholding in Aksh Broadband Ltd, in the ratio of 7:2 (i.e. 7 shares for every 2 shares held in the Transferor Company).

The stock was trading at Rs.39.40, up by Rs.0.60 or 1.55%. The stock hit an intraday high of Rs.40.25 and low of Rs.39.25. The total traded quantity was 19780 compared to 2 week average of 28634.

Source : Equity Bulls

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