Banswara Syntex to consider warrants issue on July 18, 2009

Banswara Syntex Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 18, 2009, inter alia, to consider issues of 16,50,000 warrants of face value of Rs 10/- each to person other than Promoter on preferential allotment basis at a price to be calculated as per SEBI (DIP) Guidelines. The Board shall also consider the Notice of next Annual General Meeting revised Directors and Corporate Governance Report.

The stock was trading at Rs.39, up by Rs.1 or 2.63%. The stock hit an intraday high of Rs.39 and low of Rs.37.50.

The total traded quantity was 850 compared to 2 week average of 3440.

Source : Equity Bulls

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