Ankit Metal & Power Ltd to consider allotment of 62500000 shares on Nov 05, 2011

A meeting of the Board of Directors of Ankit Metal & Power Ltd will be held on November 05, 2011, to allot 62,500,000 Equity Shares on preferential basis at a price of Rs. 40/- per equity Share (including a premium of Rs. 30/- per share).

The stock was trading at Rs.17.25, up by Rs.0.70 or 4.23%. The stock hit an intraday high of Rs.17.25 and low of Rs.16.85.

The total traded quantity was 1172 compared to 2 week average of 12175.

Source : Equity Bulls

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