Oudh Sugar to convert 3998240 warrants

Oudh Sugar Mills Ltd has announced that the Board of Directors of the Company at its meeting held on September 01, 2009, inter alia, has decided to convert 39,98,240 detachable warrants (in to Equity Shares) issued on Rights basis at a conversion price of Rs. 42.63 per warrant.

The stock closed the day at Rs.81.10, up by Rs.3.60 or 4.65%. The stock hit an intraday high of Rs.81.35 and low of Rs.77.05.

The total traded quantity was 146030 compared to 2 week average of 49648.

Source : Equity Bulls

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