Asian Oilfield forfeits Partly Paid up Convertible Warrants

Asian Oilfield Services Ltd has announced that in terms of SEBI Guidelines for Preferential Issues and Notice of Extra Ordinary General Meeting, 12,00,000 partly paid up warrants allotted to 4 Holders, have been forfeited by the Board of Directors on July 21, 2009, due to non receipt of balance subscription price within stipulated period of 18 months from the allotment date.

The stock was trading at Rs.64.50, up by Rs.3 or 4.88%. The stock hit an intraday high of Rs.64.55 and low of Rs.62.50.

The total traded quantity was 58449 compared to 2 week average of 74058.

Source : Equity Bulls

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