Ind Swift Laboratories to consider allotment of warrants on Dec 12, 2009

Ind Swift Laboratories Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 12, 2009, inter alia, to consider and approve Allotment 30,00,000 Zero Coupon Convertible Warrants (2009 Series) to Promoter Group Company.

The Board will also consider allotment of Shares under Employee Stock Option Plan (ESOP).

The stock was trading at Rs.72.40, up by Rs.1.40 or 1.97%. The stock hit an intraday high of Rs.72.90 and low of Rs.70.85.

The total traded quantity was 82573 compared to 2 week average of 129782.

Source : Equity Bulls

Keywords