Aurionpro Solutions allots shares, warrants on preferential basis

Aurionpro Solutions Ltd has announced that pursuant to the members approval in the Extra Ordinary General Meeting of the Company, dated May 24, 2008, the Board of Directors of the Company at its meeting held on June 11, 2008, has made preferential allotment of 12,62,500 equity shares and 19,35,000 Convertible Warrants (face value Rs 10 each) at an Issue price Rs 425/-per share at a premium of Rs 415/-, being the price with respect to the Relevant Date as prescribed under the Guidelines for Preferential Issues contained in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, by way of private placement on preferential allotment basis to promoters, promoter group and strategic investors.

The stock was trading at Rs.379, up by Rs.6 or 1.61%. The stock hit an intraday high of Rs.379 and low of Rs.379.

The total traded quantity was 10 compared to 2 week average of 881.

Source : Equity Bulls

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