NCL Industries allots 1117652 Equity Shares on conversion of Warrants

NCL Industries Ltd has announced that the authorized sub-committee of the Board at its meeting held on August 21, 2009, has approved allotment of 11,17,652 equity shares of Rs 10/- each at a premium of Rs 35/- per share to the warrant holders amongst the promoter / promoter group on Preferential Allotment basis upon exercise of their right for conversion of 11,17,652 warrants. Consequently the paid up capital of the Company has increased to 34937335 equity shares of Rs 10/- each. With this allotment, now there are no Warrants outstanding for conversion.

The stock closed the day at Rs.41.35. The stock hit an intraday high of Rs.41.70 and low of Rs.41.05.

The total traded quantity was 25899 compared to 2 week average of 57874.

Source : Equity Bulls

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