Infotrek Syscom EGM approves issue of warrants to Bennett, Coleman & Co

Infotrek Syscom Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company, held on January 12, 2008, have considered and decided the issue of 6,00,000 warrants to M/s. Bennett, Coleman & Co. Ltd and 19,00,000 warrants to M/s. First Online Comtrades Pvt Ltd (Promoter Group Co.) on Preferential Basis at a price of Rs. 90/- (Rupees Ninety only) per warrant as described in the notice of the Extra Ordinary General meeting has been approved by the shareholders.

It is decided to form a subsidiary of the Company to carry on the business of investments in various avenues and as described in the notice of the Extra Ordinary General meeting has been approved by the shareholders.

The stock closed on Friday at Rs.105.95, down by Rs.1.05 or 0.98%. The stock hit an intraday high of Rs.107 and low of Rs.103.05.

The total traded quantity was 13309 compared to 2 week average of 35418.

Source : Equity Bulls

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