Vippy Industries to consider allotment of shares on Mar 23, 2009

Vippy Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 23, 2009, inter alia, to consider the allotment of 5,00,00,000 equity shares to the promoters towards the exercise of right of conversion of 5,00,00,000 warrants into equal number of equity shares out of total 15,00,00,000 warrants in second tranche.

The stock closed the day at Rs.3.69, up by Rs.0.17 or 4.83%. The stock hit an intraday high of Rs.3.69 and low of Rs.3.69.

The total traded quantity was 7000 compared to 2 week average of 7200.

Source : Equity Bulls

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