Country Condos allots 1.7 crore warrants

Country Condos Ltd has announced that the Board of Directors of the Company at its meeting held on August 24, 2009, inter alia, has allotted 1,70,00,000 convertible warrants to the allottees after receiving the 25% of the amount.

Y Rajeev Reddy has been allotted 85,00,000 warrants, Y Siddharth Reddy was allotted 42,50,000 warrants and Y Varun Reddy was allotted 42,50,000 warrants.

The stock closed the day at Rs.20, up by Rs.0.60 or 3.09%. The stock hit an intraday high of Rs.20.30 and low of Rs.19.40.

The total traded quantity was 7470 compared to 2 week average of 19705.

Source : Equity Bulls

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