Ankur Drugs to consider conversion of warrants on May 12, 2009

Ankur Drugs and Pharma Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 12, 2009, inter alia, to consider allotment of equity shares on conversion of the share warrants which were issued on September 05, 2007.

To commence the procedure for forfeiture of those share warrants in respect of which the balance proceeds of subscription thereto have not been received.

The stock was trading at Rs.83, up by Rs.6.25 or 8.14%. The stock hit an intraday high of Rs.83.70 and low of Rs.77.05.

The total traded quantity was 17326 compared to 2 week average of 14016.

Source : Equity Bulls

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