Bharati Shipyard to consider issue of warrants on Sep 03, 2009

Bharati Shipyard Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 03, 2009, inter alia, to consider the issue of Convertible Warrants upto 5% of the present Paid up Capital of the Company to both the Promoter Directors (maximum upto 2.5% each to the Promoter Directors) i.e. the aggregate convertible warrants to be converted into 1,37,84,650 equity shares of Rs 10/- each of the Company.

The Board will consider issue of further Share Capital, subject to the approval of the Members of the Company.

The stock closed the day at Rs.187.95, up by Rs.0.60 or 0.32%. The stock hit an intraday high of Rs.195 and low of Rs.186.70.

The total traded quantity was 410184 compared to 2 week average of 797417.

Source : Equity Bulls

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