RS Software to issue warrants

RS Software India Ltd has announced that the Board of Directors of the Company at its meeting held on November 14, 2008, inter alia, has decided to issue and allot Preferential Warrants to be converted into equity shares to the Promoter Director in terms of SEBI Guidelines.

The Board was also briefed on the current market scenario and prospects of the Company.

The Stock was trading at Rs.13.50, down by Rs.0.90 or 6.25%. The stock hit an intraday high of Rs.15.65 and low of Rs.13.10.

The total traded quantity was 5584 compared to 2 week average of 4999.

Source : Equity Bulls

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