Urja Global to consider allotment of 30 lakh warrants on Nov 27, 2009

Urja Global Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 27, 2009, inter-alia, to consider and approve the allotment of 30,000,000 convertible warrants of Rs. 10/- each at a premium of Re. 1/- each to Proposed Promoters & Strategic Investors on preferential basis, entitling them to convert / exchange with equal number of Equity Shares of the Company within a period of 18 months from the date of issue of such warrants.

The Board will also take note of appointment of Mr. N. K. Singh as President for the North East Project of the Company.

The stock was trading at Rs.37.15, down by Rs.1.85 or 4.74%. The stock hit an intraday high of Rs.39.80 and low of Rs.37.15.

The total traded quantity was 2180 compared to 2 week average of 4917.

Source : Equity Bulls

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