D&H Welding Electrodes to consider conversion of warrants on Oct 05, 2009

D&H Welding Electrodes India Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 05, 2009, inter alia, to convert 2,50,000 (Two Lac Fifty Thousand) Convertible Warrants of Rs 22.00 (Rupees Twenty Two only), into equal number of fully paid Equity Shares of Rs 10.00 each (Rupees Ten only) at a premium of Rs 12 (Rupees Twelve only) each per share.

Kiran Vora was allotted 165000 equity shares and Priya Kakrecha was allotted 85000 equity shares.

The stock closed the day at Rs.20.20, up by Rs.0.70 or 3.59%. The stock hit an intraday high of Rs.21.55 and low of Rs.20.20.

The total traded quantity was 7268 compared to 2 week average of 4135.

Source : Equity Bulls

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