Ansal Housing to issue 18 lakh warrants

Ansal Housing & Construction Ltd has announced that the Board of Directors of the Company at its meeting held on May 26, 2009, has approved the issue of 18,00,000 warrants with the option to convert one warrant into one fully paid-up equity share to the Promoters of the Company in accordance with the provisions of SEW (DIP) Guidelines, 2000.

The Extraordinary General Meeting of the Company has been convened on June 25, 2009 for the purpose of approving the above.

The stock closed the day at Rs.48.55, down by Rs.2.60 or 5.08%. The stock hit an intraday high of Rs.55.50 and low of Rs.47.60.

The total traded quantity was 141437 compared to 2 week average of 62607.

Source : Equity Bulls

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