Splash Media converts 528500 warrants

Splash Media Works Ltd has announced that the Board of Directors of the Company at its meeting held on September 19, 2009, inter alia, has converted the 5,28,500 warrants in to 5,28,500 Equity Shares out of 10,96,500 erstwhile warrants allotted on preferential basis and consequently approved the allotment of such converted 5,28,500 Equity shares of face value of Rs. 10/- each at issue price of Rs. 83/- each.

The stock was trading at Rs.339.15, up by Rs.16.15 or 5%. The stock hit an intraday high of Rs.339.15 and low of Rs.338.

The total traded quantity was 74 compared to 2 week average of 1675.

Source : Equity Bulls

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