Energy Development allots 40 Lakh Warrants

Energy Development Company Ltd has announced that the Company has, on September 11, 2008 has allotted 40,00,000 warrants pursuant to the resolution passed under section 81 (1A) of the Companies Act, 1956 in the Extraordinary General Meeting held an August 27, 2008.

The allottees include M/s Pankaja Art & Credit Pvt Ltd - No of warrants : 22,00,000, Exudc Vincom Ltd - No of warrants : 13,10,000, M/s. Prajakta Entertainment Pvt Ltd - No of warrants : 2,00,000, M/s. Tycoon Trade & Investments Ltd - No of warrants : 1,25,000, M/s. Wisdom Finvest & Consultancy Pvt Ltd - No of warrants : 1,15,000 and Mr. Sanjay Kumar Gupta - No of warrants : 50,000.

The stock was trading at Rs.116.45, up by Rs.1.85 or 1.61%. The stock hit an intraday high of Rs.118.65 and low of Rs.113.45.

The total traded quantity was 4118 compared to 2 week average of 19310.

Source : Equity Bulls

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