Som Distilleries allots 2141689 warrants at Rs.18.35 to Kotak Mahindra Bank Ltd

Som Distilleries & Breweries Ltd has announced that the Board of Directors of the Company at its meeting held on May 25, 2007, has allotted on preferential basis 2141689 warrants convertible into equity shares of Rs 18.35 each (including premium of Rs 8.35 per share) to Kotak Mahindra Bank Ltd.

The stock closed the day at Rs.17.30, down by Rs.0.90 or 4.95%. The stock hit an intraday high of Rs.19.10 and low of Rs.17.30. The total traded quantity was 62301 compared to 2 week average of 37377.

Source : Equity Bulls

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