Vijay Shanthi EGM approves issue of warrants to promoters

Vijay Shanthi Builders Ltd has announced that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on May 07, 2007, have approved the following by way of Special Resolutions.

1. Issue of 45,00,000 warrants to the Promoters of the Company with an option to apply for and be allotted equity shares at a price of Rs 95/- per share (Including Rs 85/- as premium).

2. For increasing borrowing powers of the Companies to Rs 200,00,00,000/- from the present limit of Rs 100,00,00,000/-.

The stock was trading at Rs.99.85, up by Rs.4.75 or 4.99%. The stock hit an intraday high of Rs.99.85 and low of Rs.92. The total traded quantity was 33989 compared to 2 week average of 26976.

Source : Equity Bulls

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