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Jul 12, 2012, 08.23 AM IST
MSP Steel & Power surged as much as 17% intraday on Friday as the board of directors of the company have allotted one crore equity shares at Rs 60 a share to promoters and non-promoters on preferential basis.
MSP Steel & Power surged as much as 17% intraday on Friday as the board of directors of the company have allotted one crore equity shares at Rs 60 a share to promoters and non-promoters on preferential basis.
Promoter group included Adhunik Gases, Larigo Investment Pvt Ltd, Raj Securities, K C Texofine Pvt Ltd, High Time Holdings Pvt Ltd and B S Confin Pvt Ltd. Non-promoter list included Anubhav Vincom Pvt Ltd, Panchwati Agencies Pvt Ltd and Sambhav Mercantiles Pvt Ltd.
At 14:33 hours IST, the share was trading at Rs 36.15, up 9.05%. Market capitalisation of the company currently stands at Rs 210.03 crore.
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