Hingir Rampur Coal Company to consider allotment of 17,10,000 shares on Dec 13, 2011

Pursuant to the approval received from the shareholders of Hingir Rampur Coal Company Ltd in Extra-Ordinary General Meeting held on November 05, 2011, a meeting of the Board of Directors of the Company will be held on December 13, 2011, to consider allotment of 17,10,000 Equity Shares of Rs. 10/- (Rupees Ten) each at a price of Rs. 60/- (Rupees Sixty) per equity share, including a premium of Rs. 50/- (Rupees Fifty) per equity share on Preferential Basis to Promoters and a group of Strategic Investors not forming part of Promoter Group in compliance with Chapter VII of the SEBI (ICDR) Regulations, 2009.

The stock last traded on December 13, 2011 at Rs.71.55, up by Rs.3.40 or 4.99%. The stock hit an intraday high of Rs.71.55 and low of Rs.71.55.

The total traded quantity was 11 compared to 2 week average of 8.

Source : Equity Bulls

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