Almondz Capital allots 1755000 Warrants

Almondz Capital & Management Services Ltd has announced that pursuant to the terms and conditions of the preferential allotment of Warrants, the Committee of the Board of Directors of the Company at its meeting held on May 28, 2009, has allotted 1755000 Warrants of Rs 10/- each at price of Rs 10/- each to M/s. Swift Buildwell Pvt. Ltd and KKM Enterprises Pvt. Ltd.

The aforesaid Warrants carries aright to subscribe equal number of equity shares of nominal value of Rs 10/- each at a price of Rs 10/- each, on conversion within a period of 18 months from the date of Allotment.

The stock closed the day at Rs.12.15, up by Rs.0.43 or 3.67%. The stock hit an intraday high of Rs.12.25 and low of Rs.11.20.

The total traded quantity was 1313 compared to 2 week average of 6279.

Source : Equity Bulls

Keywords