RS Software Board to consider allotment of warrants at Rs.66

RS Software India Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 12, 2007, to consider and approve the offer and allotment of 700,000 Equity Warrants on a Preferential Basis to the Promoters with each Warrant convertible into One Equity Share of the Company of nominal value of Rs 10/- each at a price of Rs 66/- which includes a premium of Rs 56/- per Share calculated in accordance with SEBI Guidelines for Preferential allotment of Equity Share / Warrants.

The stock closed the day at Rs.41.20, down by Rs.0.25 or 0.60%. The stock hit an intraday high of Rs.42 and low of Rs.40.55. The total traded quantity was 11110 compared to 2 week average of 8270.

Source : Equity Bulls

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