Sterlite Technologies allots 73 lakh Warrants

Sterlite Technologies Ltd has announced that the Allotment Committee of the Company in its meeting held October 08, 2009 has issued and allotted 73,00,000 share warrants convertible in equity shares to its promoter entity M/s. Twinstar Overseas Ltd. vide the approval received from shareholders of the Company in their meeting held on July 24, 2009.

The stock closed the day at Rs.293.25, up by Rs.7.75 or 2.71%. The stock hit an intraday high of Rs.298.75 and low of Rs.288.05.

The total traded quantity was 99856 compared to 2 week average of 50683.

Source : Equity Bulls

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