Vishal Retail to issue 75 lakh warrants

Vishal Retail Ltd has announced that the Board of Directors of the Company at its meeting held on June 02, 2009, inter alia, has approved the Issue of up to 75,00,000 Warrants to Mr. Ram Chandra Agarwal, Promoter and Managing Director, through Preferential Issue of Warrants at a price in accordance with SEBI DIP Guidelines, subject to approval of shareholders of the Company at their Meeting to be held on June 27, 2009.

The stock was trading at Rs.85.30, up by Rs.4.05 or 4.98%. The stock hit an intraday high of Rs.85.30 and low of Rs.85.30.

The total traded quantity was 2385 compared to 2 week average of 6297.

Source : Equity Bulls

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