Vijay Shanthi to consider allotment of shares at Rs.56 on conversion of warrants

Vijay Shanthi Builders Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 18, 2007, to consider allotment of 6,03,000 fully paid up equity shares at a price of Rs 56/- per share (including a premium of Rs 46/- per share), to the promoters of the Company against an option exercised by the promoters to convert 6,03,000 convertible warrants earlier issued to them on a preferential basis.

The stock closed the day at Rs.199.60, up by Rs.9.50 or 5%. The stock hit an intraday high of Rs.199.60 and low of Rs.199.60. The total traded quantity was 19272 compared to 2 week average of 92288.

Source : Equity Bulls

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