Trigyn Technologies allots 4140000 Warrants

Trigyn Technologies Ltd has announced that the Board of Directors of the Company, by passing the resolution by circulation on December 04, 2009, have issued and allotted 41,40,000 warrants eligible for conversion in to equivalent number of equity shares at the price of Rs. 18.81 per share, within a period of 18 months from the date of allotment, in terms of SEBI (ICDR) Regulations and SEBI (Substantial Acquisition of Shares and Takeover) Regulations.

The stock was trading at Rs.19.15, down by Rs.0.95 or 4.73%. The stock hit an intraday high of Rs.20.25 and low of Rs.18.90.

The total traded quantity was 34797 compared to 2 week average of 38804.

Source : Equity Bulls

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