Elpro International converts 15000 warrants

Elpro International Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, converted 15000 Convertible warrants into 15000 number of Equity shares of Rs 10/- (Rupees Ten Only) each at a premium of Rs 601/- (Rupees Six Hundred and One Only), pursuant to receipt of balance 90% of subscription money and a request letter from custodian of Elara India Opportunities Fund Ltd.

The stock closed the day at Rs.550, up by Rs.9.60 or 1.78%. The stock hit an intraday high of Rs.550 and low of Rs.513.40.

The total traded quantity was 504 compared to 2 week average of 6716.

Source : Equity Bulls

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