Stone India to consider Allotment of equity shares on conversion of Warrants

Stone India Ltd has announced that a meeting of the Shareholders / Investors Grievance Committee of the Board of Directors of the Company will be held on April 10, 2007, inter alia, to consider the allotment of Equity Shares on conversion of Warrants allotted on Preferential basis to the Promoters and independent Investor.

Shares of the company were trading lower by Rs.4.95 or 3.09% at Rs.155 on volume of 853 shares. The volumes were too low compared to its 2 week average quantity of 13563 shares.

Source : Equity Bulls

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