Riga Sugar to consider conversion of warrants on May 25, 2009

Riga Sugar Company Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 25, 2009, inter alia, to consider conversion of Warrants into Equity Shares, which were allotted to the promoter Group and others on preferential basis on January 25, 2008.

The stock was trading at Rs.28.80, up by Rs.3.20 or 12.50%. The stock hit an intraday high of Rs.30.15 and low of Rs.26.15.

The total traded quantity was 5367 compared to 2 week average of 6739.

Source : Equity Bulls

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