Malwa Cotton to consider allotment of 11 lakh warrants on July 27, 2009

Malwa Cotton Spinning Mills Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 27, 2009, to allot 11,00,000 equity share warrants to the promoters of the Company on preferential basis as per SEBI Guidelines.

The stock closed the day at Rs 25.60, down by Rs 0.40 or 1.54%. The stock hit an intraday high of Rs 26.10 and low of Rs 25.50.

The total traded quantity was 1870 as compared to 2 week average of 1388.

Source : Equity Bulls

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