Almondz Capital & Management approves preferential issue

Almondz Capital & Management Services Ltd has announced that the Board of Directors of the Company at its meeting held on April 20, 2009, inter alia, has considered and discussed, the proposal for issue of Convertible Equity warrants on Preferential Allotment basis.

The Board approved issuance of 1755000 Convertible Equity Warrants on Preferential Allotment basis to the Investors other than Promoters at a price of Rs 10/- in accordance with the Guidelines prescribed by the Securities And Exchange Board of India (SEBI) and Listing Agreement/s entered into by the Company with the Stock Exchanges, where the shares of the Company are listed, and subject to the consent of the shareholders of the Company in the General Meeting and approval of Stock Exchanges.

The Board approved calling of an Extraordinary General Meeting of the Company in relation to the Preferential Issue of Convertible Equity Warrants.

The stock closed the day at Rs.9.48, up by Rs.0.03 or 0.32%. The stock hit an intraday high of Rs.9.73 and low of Rs.8.98.

The total traded quantity was 7313 compared to 2 week average of 8612.

Source : Equity Bulls

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