GEI Industrial Systems approves allotment of 9 lakh shares

GEI Industrial Systems Ltd has announced that the Board of Directors of the Company at its meeting held on September 03, 2009, inter-alia, has approved the allotment of 9,00,000 Equity Shares to the Promoters on conversion of outstanding Warrants.

The stock was trading at Rs.66.50, up by Rs.2.10 or 3.26%. The stock hit an intraday high of Rs.68.35 and low of Rs.64.

The total traded quantity was 71700 compared to 2 week average of 145697.

Source : Equity Bulls

Keywords