Action Financial Services India to allot 360000 shares

Action Financial Services India Ltd has announced that the Board of Directors of the Company at its meeting held on April 11, 2009, has decided to allot 3,60,000 Equity Shares of Rs 10/- each at a premium of Rs 9.25 per share, pursuant to the conversion of 3,60,000 Convertible Warrants issued to the promoters which are eligible for conversion on or before April 11, 2009 in terms of resolution passed in the Annual General Meeting held on September 29, 2007.

The stock closed on Monday at Rs.16.80, up by Rs.0.80 or 5%. The stock hit an intraday high of Rs.16.80 and low of Rs.16.80.

The total traded quantity was 400 compared to 2 week average of 875.

Source : Equity Bulls

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