Deepak Nitrite fixes warrants conversion price as Rs 100

Deepak Nitrite Ltd has announced that the Board of Directors of the Company at its meeting held on October 07, 2009, inter alia, has decided the conversion price of the warrants at Rs. 100/- (Rupees One Hundred only) per equity share i.e. each Warrant allotted under the Rights Issue shall be converted into one equity share of Rs. 10/- (Rupees Ten only) each at a premium of Rs. 90/- (Rupees Ninety only) per equity share.

The stock was trading at Rs.132, up by Rs.2.95 or 2.29%. The stock hit an intraday high of Rs.132.50 and low of Rs.129.15.

The total traded quantity was 3330 compared to 2 week average of 7271.

Source : Equity Bulls

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