Pitti Laminations to issue 2,40,000 shares on conversion of warrants at Rs.120 per share

Pitti Laminations Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 11, 2007, inter alia, to consider, issue of 2,40,000 equity shares at Rs 120/- per share (including premium of Rs 110/- per share) to promoters of the Company against the equal number of share warrants allotted to them at the meeting of the Board of Directors held on June 30, 2006.

Shares of the company were trading at Rs.63.50, up by Rs.3.65 or 6.10% on volume of 14532 shares compared to 2 week average quantity of 20002 shares. The stock hit an intraday high of Rs.67 and low of Rs.60.30.

Source : Equity Bulls

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