Sturdy Industries allots 20 Lakh warrants at Rs 17

Sturdy Industries Ltd has announced that the Board of Directors of the Company at its meeting held on January 20, 2008 has allotted 20,00,000 convertible warrants of Rs 10/- each at a price of Rs 17/- each, which are convertible into Equity shares on preferential basis to persons belonging to non promoter group after receiving In-Principal approval from the exchange and approval of the members of the Company at the Extra Ordinary General Meeting held on October 30, 2007.

Source : Equity Bulls

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