Supreme Infrastructure to consider issue of 16 lakh warrants on May 30, 2009

Supreme Infrastructure India Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 30, 2009, inter alia, to decide or approve the issue of 16,00,000 (Sixteen Lacs Only) Warrants convertible into equity shares on Preferential allotment basis subject to SEBI Guidelines and applicable regulations.

The stock closed the day at Rs.55.20, up by Rs.2.60 or 4.94%. The stock hit an intraday high of Rs.55.20 and low of Rs.55.20.

The total traded quantity was 773 compared to 2 week average of 7187.

Source : Equity Bulls

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