Perfect-Octave Media Projects allots securities

The Board of Directors of Perfect-Octave Media Projects Ltd at its meeting held on July 06, 2011, has allotted 400,000 (Four Lacs) Equity Shares of Rs. 10/- each at a premium of Rs. 15/- per share and 400,000 convertible share warrants having an option to apply for equivalent number of shares of Rs. 10/- each at a premium of Rs. 15/- per share.

Since the Company has already received entire 100% application/allotment money from said the warrant holder, the Company has immediately converted 400,000 convertible share warrants into 400,000 equity shares of Rs. 10/- each at a premium of Rs. 15/- per share.

Accordingly, the Company has made allotment of 800,000 Equity shares of Rs. 10/- each issued at premium of Rs. 15/- per share to Swastik Legal Consultants Private Ltd. (Non Promoter).

The stock was trading at Rs.37.15, up by Rs.1.75 or 4.94%. The stock hit an intraday high of Rs.37.15 and low of Rs.37.15.

The total traded quantity was 0.28 lakhs compared to 2 week average of 0.19 lakhs.

Source : Equity Bulls

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