Indo Amines allots 417000 warrants to shares

Indo Amines Ltd has announced that in the preferential issue committee meeting held on August 27, 2009 the preferential issue committee converted 4,17,000 Fully Convertible Warrants in to equity shares of Rs. 10/- each at a price of Rs. 12/- including premium of Rs. 2/- issued to Versatile Chemicals Ltd.

The stock closed the day at Rs.12, up by Rs.0.10 or 0.84%. The stock hit an intraday high of Rs.12.49 and low of Rs.12.

The total traded quantity was 1255 compared to 2 week average of 2469.

Source : Equity Bulls

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