Allied Digital Services Ltd approves allotment of warrants

The Board of Directors of Allied Digital Services Ltd at its meeting held on August 14, 2014, has approved the allotment of 40,18,801 Convertible Equity Warrants on preferential basis to the Promoters of Allied Digital Services Limited.

The allottees are Mr. Nitin Shah - 21,86,667 Convertible Equity Warrants and Mr. Prakash Shah - 18,32,134 Convertible Equity Warrants.

Shares of ALLIED DIGITAL SERVICES LTD. was last trading in BSE at Rs.18.5 as compared to the previous close of Rs. 18. The total number of shares traded during the day was 20577 in over 183 trades.

The stock hit an intraday high of Rs. 18.5 and intraday low of 18.05. The net turnover during the day was Rs. 378267.

Source : Equity Bulls

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