Lok Housing allots 23,50,000 equity shares

Lok Housing & Constructions Ltd has announced that the Subscribers of the Convertible Warrants have exercised their option to convert their 23,50,000 Warrants into Equity Shares.

The Allotment Committee of the Company have allotted 23,50,000 Equity Shares to the Warrant Holders on July 26, 2007.

The stock closed on Friday at Rs.156.75, down by Rs.8.30 or 5.03%. The total traded quantity was 123095 compared to 2 week average of 285952. The stock hit an intraday high of Rs.163 and low of Rs.155.25.

Source : Equity Bulls

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