VXL Instruments allots 6660600 shares

VXL Instruments Ltd has announced that the Board of Directors in their meeting held on May 13, 2009, allotted 66,60,600 warrants convertible into Equity Shares to the applicants as approved by the shareholders of the Company in the EGM held on April 29, 2009.

Further to this, the Company has received the balance 75% of share warrant money from the share warrant holders. The Board of Directors met on June 16, 2009 and allotted 66,60,600 equity shares on conversion of the said fully paid share warrants.

The stock closed the day at Rs.19.50, up by Rs.0.85 or 4.56%. The stock hit an intraday high of Rs.19.50 and low of Rs.18.25.

The total traded quantity was 360 compared to 2 week average of 3602.

Source : Equity Bulls

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