Span Diagnostics to consider allotment of 157500 warrants on Mar 07, 2009

Span Diagnostics Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 07, 2009, inter alia, to consider the allotment of 1,57,500 Share Warrants convertible in to Equity Share of Rs 10/- each at the premium of Rs 40.60 per share to promoters on preferential basis pursuant to in-principle approval.

Further the Company has informed that, the shareholders have, in the extra-ordinary general meeting held on February 28, 2009, approved the issue of aforesaid convertible share warrants.

The stock was trading at Rs.45, up by Rs.3.50 or 8.43%. The stock hit an intraday high of Rs.45 and low of Rs.35.

The total traded quantity was 40400 compared to 2 week average of 582.

Source : Equity Bulls

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