Bhartiya International to issue 22 lakh warrants

Bhartiya International Ltd has announced that the Board of Directors of the Company at its meeting held on August 28, 2009, inter alia, has decided that, the Company shall issue 10,00,000 warrants to promoter group and 12,00,000 Warrants to non-promoters, having attached thereto the right to subscribe for equal number of Equity Shares of Rs. 10/- at a premium of Rs. 33/- per share (calculated as on relevant date i.e. August 26, 2009 in accordance with the SEBI Guidelines for Preferential Issue), subject to the approval of shareholders in the Annual General Meeting to be held on September 25, 2009.

The stock was trading at Rs.44, down by Rs.2.45 or 5.27%. The stock hit an intraday high of Rs.46.95 and low of Rs.44.

The total traded quantity was 2614 compared to 2 week average of 16433.

Source : Equity Bulls

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