Everonn Education Ltd to allot 2618120 shares to Varkey Group at Rs.528

The Board of Directors of Everonn Education Ltd, at the Meeting held on December 16, 2011 have approved allotment of 26,18,120 equity shares of Rs 10 each at a price of Rs. 528/- per share (including a premium of Rs. 518 - per share) on preferential basis to M/s Varkey Group Limited who is categorized as co-promoter post allotment.

The Everonn Education Ltd stock closed the day at Rs.353.80, down by Rs.3.05 or 0.85%. The stock hit an intraday high of Rs.358.95 and low of Rs.353.

The total traded quantity was 0.79 lakhs compared to 2 week average of 0.69 lakhs.

Source : Equity Bulls

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