Deepak Nitrite Updates on conversion of Warrants

Deepak Nitrite Ltd has announced that the Board of Directors of the Company by way of resolution passed by circulation has modified the Record Date as "November 04, 2009" instead of "October 28, 2009" for ascertaining the warrant holders entitled to exercise their right to apply for one equity share of Rs. 10/- each for every warrant held by them at conversion price of Rs. 100/- per equity share (i.e. face value of Rs. 10/- per equity share and premium of Rs. 90/- per equity share).

The stock closed the day at Rs.127. The stock hit an intraday high of Rs.128.45 and low of Rs.125.

The total traded quantity was 1140 compared to 2 week average of 4728.

Source : Equity Bulls

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