Balrampur Chini Mills warrants lapse

Balrampur Chini Mills Ltd has announced that the Promoter Group have not exercised the option for conversion of 1,00,00,000 convertible warrants allotted to them on Preferential basis on January 04, 2008 at Rs 92/- per warrant into equal number of equity shares.

The stock closed the day at Rs.103.10, down by Rs.5.90 or 5.41%. The stock hit an intraday high of Rs.109.60 and low of Rs.101.70.

The total traded quantity was 590804 compared to 2 week average of 1468122.

Source : Equity Bulls

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