Prakash Industries to allot 12135990 warrants to Barclays Capital Mauritius

Prakash Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 14, 2007, inter alia, to consider and for allotment of 12135990 warrants convertible into equity shares within a period of 18 months from the date of allotment to Barclays Capital Mauritius Ltd or its nominee(s).

The stock closed the day at Rs.101.50, down by Rs.1.30 or 1.26%. The stock hit an intraday high of Rs.104.70 and low of Rs.101. The total traded quantity was 228199 compared to 2 week average of 250279.

Source : Equity Bulls

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