Bajaj Hindusthan Ltd allots Equity Shares on rights basis

The Management Committee of Directors of Bajaj Hindusthan Ltd, at its meeting held on October 31, 2011, has allotted 41,10,42,800 fully paid-up equity shares of face value Re. 1/- each at a premium of Rs. 35 per equity share, in accordance with the basis of allotment of equity shares of the Company on rights basis as finalized by the Company, the Lead Managers and Registrar to the Issue, in consultation with the BSE Ltd. (the Designated Stock Exchange) also finalized on October 31, 2011.

Consequent to the allotment of the equity shares as aforesaid, the paid-up equity share capital of the Company stands increased from the present Rs. 22,83,57,111/- divided into 22,83,57,111 equity shares of face value Re. 1/- each, to Rs. 63,93,99,911/- divided into 63,93,99,911 equity shares of face value Re. 1/- each.

The stock was trading at Rs.37.75, down by Rs.0.65 or 1.69%. The stock hit an intraday high of Rs.38.65 and low of Rs.37.65.

The total traded quantity was 4.76 lakhs compared to 2 week average of 4.33 lakhs.

Source : Equity Bulls

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