Dollex Industries to consider conversion of 23130000 warrants on Sep 12, 2009

Dollex Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 12, 2009, inter alia, to consider the proposal for conversion of 2,31,30,000 Warrants issued into Equity shares as per the SEBI (DIP) Guidelines.

The Board will authorize the Director/s to oversee the entire process for the issue of shares through QIP subject to the SEBI Guidelines.

The stock closed the day at Rs.9.97, down by Rs.0.31 or 3.02%. The stock hit an intraday high of Rs.10.25 and low of Rs.9.86.

The total traded quantity was 44287 compared to 2 week average of 67661.

Source : Equity Bulls

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