SREI Infrastructure to consider allotment of shares on conversion of warrants

SREI Infrastructure Finance Ltd has announced that a meeting of the Committee of Directors (CoD) of the Company will be held on March 31, 2008, inter alia, to consider allotment of 72,00,000 Equity shares of the Company of Rs 10/- each at a premium of Rs 90/- per share to M/s. Bharat Connect Ltd, an entity belonging to Promoters' Group, who have exercised their option for being allotted Equity Shares of the Company against 72,00,000 Warrants held by them.

The stock closed the day at Rs.143.10, up by Rs.6.70 or 4.91%. The stock hit an intraday high of Rs.147 and low of Rs.138.

The total traded quantity was 121949 compared to 2 week average of 147739.

Source : Equity Bulls

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