UT Ltd approves issue of warrants at Rs.52

UT Ltd has announced that the Board of Directors of the Company at its meeting held on August 09, 2007, has approved the Preferential Issue of 608,355 warrants at a price of Rs 52/-, including a premium of Rs 42/- convertible into equity shares to the Promoter(s) of the Company.

The stock closed the day at Rs.47.30, up by Rs.2.25 or 4.99%. The stock hit an intraday high of Rs.47.30 and low of Rs.47.30. The total traded quantity was 11164 compared to 2 week average of 9095.

Source : Equity Bulls

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