Regaliaa Realty forfeits warrant application money

Regaliaa Realty Ltd has announced that the Board of Directors of the Company at its meeting held on June 19, 2009, inter alia, has approved forfeiture of 10% upfront money paid by the Warrant Holders, as they have expressed disinterest to pay the balance 90% sum and get the preferential shares allotted in their favour.

The Company has withdrawn its interest from a Project involving 90 Serviced Apartments at Bangalore.

The stock closed the day at Rs.7.22, down by Rs.0.37 or 4.87%. The stock hit an intraday high of Rs.7.22 and low of Rs.7.22.

The total traded quantity was 100 compared to 2 week average of 253.

Source : Equity Bulls

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