ABC India allots equity shares
ABC India allots equity shares >The board of directors of ABC (Q, N,C,F)* India, at its meeting held on Sep. 24, 2007, allotted 400,000 equity shares of Rs 10 each at a premium of Rs 40 a share on preferential basis. The above allotment is in terms of approval granted by shareholders at 34th annual general meeting by way of special resolution.
ABC India disclosed a steady growth in net profit for the quarter ended June 2007. Durin g the quarter, the company experienced a 16.67% rise in profit to Rs 3.50 million from Rs 3.00 million in the same quarter last year.
Sales for the quarter rose 12.41% to Rs 278.90 million compared with the corresponding quarter, a year ago.
Shares of the company declined Rs 2.35, or 5.39%, to settle at Rs 41.25. The total volume of shares traded was 3,850 at the BSE.(Monday)
