Ador Multiproducts to allot 279717 warrants

Ador Multiproducts Ltd has announced that the Board of Directors of the Company at its meeting held on October 30, 2009, inter alia, has proposed, subject to necessary approvals, issue on preferential basis 2,79,717 warrants convertible into equivalent number of equity shares at a price of Rs. 16/- per share to the promoter company.

The stock closed the day at Rs.16, down by Rs.0.40 or 2.44%. The stock hit an intraday high of Rs.16.60 and low of Rs.16.

The total traded quantity was 800 compared to 2 week average of 1241.

Source : Equity Bulls

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