Veritas (India) approves issue of 4.25 lakh warrants

Veritas (India) Ltd has announced that the Board of Directors of the Company at its meeting held on October 16, 2009, has considered and approved the issue of upto 4,25,000 Nos. of Warrants convertible into equal number of Equity Shares within a period of 18 months, on preferential basis to the Promoters and /or Non-Promoters at the price being not less than the price to be determined as per the SEBI (ICDR) Regulations, 2009 Subject to the approval of shareholders and such other approvals as may be required.

The stock closed the day at Rs.272.20, up by Rs.12.95 or 5%. The stock hit an intraday high of Rs.272.20 and low of Rs.272.20.

The total traded quantity was 50 compared to 2 week average of 94.

Source : Equity Bulls

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