Bhoruka Aluminium Ltd has announced that the Board of Directors of the Company at its meeting held on March 22, 2010, inter alia, has approved the issue and allotment of 30,00,000 Equity Shares of Rs. 10/- each at a price of Rs. 29.50 (including premium of Rs. 19.50) per share on preferential basis to the private bodies corporate other than promoters, as per provisions of Chapter VII of Securities Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2009.
The allottees include, M/s. Transal Enterprises Pvt. Ltd. - 8,00,000 shares, M/s. Sukhy Commercial and Trading Pvt. Ltd. - 11,00,000 shares and M/s. Kakti Trading & Commercial Pvt. Ltd. - 11,00,000 shares.
The stock closed the day at Rs.30, up by Rs.0.50 or 1.69%. The stock hit an intraday high of Rs.30.95 and low of Rs.30.
The total traded quantity was 353 compared to 2 week average of 705.
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