Country Club allots convertible warrants at Rs 600

Country Club India Ltd has announced that the Board of Directors of the Company has allotted 6,00,000 convertible warrants to Promoters and outsiders on November 16, 2007 consequent to the resolution passed by the shareholders in 16th Annual General Meeting held on September 29, 2007 at the rate of Rs 600/- per Warrant convertible into equal number of equity shares of Rs 10/- each to be exercised with 18 months from the date of allotment.

The stock closed the day at Rs.870.40, down by Rs.3.05 or 0.35%. The stock hit an intraday high of Rs.884 and low of Rs.845.

The total traded quantity was 585 compared to 2 week average of 3846.

Source : Equity Bulls

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