Gemini Communication allots 9718000 warrants

Gemini Communication Ltd has announced that the Board of Directors of the Company at its meeting held on June 05, 2009, inter alia, has allotted 97,18,000 equity warrants of Rs 1/- each at a premium of Rs 17/- convertible into equal number of equity shares on recept of 25% of allotment money from the proposed allottes of preferential issue.

The stock closed the day at Rs.28.15, down by Rs.0.75 or 2.60%. The stock hit an intraday high of Rs.30 and low of Rs.28.

The total traded quantity was 91734 compared to 2 week average of 173657.

Source : Equity Bulls

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