Associated Alcohols Board approves issue of Preferential Warrants

Associated Alcohols & Breweries Ltd has announced that the Board of Directors of the Company at its meeting held on April 13, 2007, has been decided for preferential issues of convertible warrants upto 35 Lacs shares subject to approval of shareholders.

Further the Company has informed that, the extra-ordinary General Meeting of the Company is scheduled to be held on May 16, 2007, for the approval of the shareholders in the matter alongwith necessary approval for increase of authorised capital for the same.

The stock closed the day at Rs.11.55, up by Re.0.55 or 5%. The stock hit an intraday high of Rs.11.55 and low of Rs.10.46. The total traded quantity was 2700 shares compared to 2 week average of 863.

Source : Equity Bulls

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