Prime Securities' 6 lakh warrants lapse

Prime Securities Ltd has announced that pursuant to the resolution passed by the shareholders at their Extraordinary General Meeting held on January 25, 2008 in accordance with SEBI Guidelines for Preferential Issues, the Company had allotted 2,00,000 equity share warrants on January 28, 2008 and 4,00,000 equity share warrants on February 01, 2008, on a preferential basis, to the specified investors, each equity share warrant carrying an entitlement to apply for one equity share of the Company @ Rs 275/- per share. None of the warrant holders have not exercised the option to convert the warrant into equity shares and accordingly 6,00,000 equity shares warrants have been lapsed and cancelled.

The stock closed the day at Rs.29.70, up by Rs.0.25 or 0.85%. The stock hit an intraday high of Rs.30.10 and low of Rs.28.40.

The total traded quantity was 5823 compared to 2 week average of 11100.

Source : Equity Bulls

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