Shiva Cement allots equity shares to ACC
Shiva Cement allots equity shares to ACC The board of directors (BoD) of Shiva Cement (Q, N,C,F)* at its meeting held on Sep. 24, 2007, allotted 5 million equity shares to ACC and 11 million equity shares to promoter`s group upon conversion of equity shares. The company reported phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the profit rose 3.15 times to Rs 30.88 million from Rs 9.80 million, in the corresponding quarter last year. Net sales for the quarter rose 2.21%, to Rs 71.30 million, compared with the corresponding quarter, a year ago. Shares of the company were last trading up Rs 0.07, or 0.73%, at Rs 9.63. The total volume of shares traded were 187,336 at the BSE. (10.28 am, Tuesday).
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The board also allotted 340,888 preference shares of Rs 2 each to Bank of Baroda.
