Sayaji Hotels converts 4,25,000 warrants into shares

Sayaji Hotels Ltd has announced that the Board of Directors of the Company at its meeting held on August 13, 2007, has converted the 4,25,000 Share Warrants of Rs 10/- each at premium of Rs 40/- per share into Equity Shares, shall be subject to lock in for the period of three years from the date of allotment dated on March 02, 2006 after receiving of balance amount of Rs 1,91,25000 from Mrs. Nasim S Desai.

The stock was trading at Rs.68.85, down by Rs.0.20 or 0.29%. The stock hit an intraday high of Rs.71.50 and low of Rs.68. The total traded quantity was 5909 compared to 2 week average of 35851.

Source : Equity Bulls

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