Sadbhav Engineering warrants lapse

Sadbhav Engineering Ltd has announced that Mr. Vishnubhai M Patel the promoter of the Company, to whom Company had allotted 6,00,000 warrants on July 31, 2007 did not exercised his option to convert the said warrants in to Equity Shares of Company before the due date January 31, 2009, and the right has since lapsed.

The stock was trading at Rs.349, up by Rs.8.25 or 2.42%. The stock hit an intraday high of Rs.349 and low of Rs.325.

The total traded quantity was 2 compared to 2 week average of 16464.

Source : Equity Bulls

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