Camson Bio to issue 2350000 shares, 3905000 warrants

Camson Bio Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on September 19, 2009, has recommended issue of 23,50,000 Equity Shares of Rs. 10/- each for cash at such price as may be determined in terms of the prevailing guidelines of SEBI.

The Board also recommended issue of 39,05,000 Warrants to Promoters, Persons Acting-in-Concert and others.

In order to obtain the approval of Shareholders, an Extra Ordinary General Meeting of the Share holders being convened on October 14, 2009.

The stock was trading at Rs.86.20, up by Rs.4.10 or 4.99%. The stock hit an intraday high of Rs.86.20 and low of Rs.78.

The total traded quantity was 232017 compared to 2 week average of 189485.

Source : Equity Bulls

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