Ador Multiproducts to issue convertible warrants

Ador Multiproducts Ltd has announced that the members at the Extra Ordinary General Meeting held on December 01, 2009 approved for issue of Convertible Warrants to the Promoter Company M/s. J. B. Advani & Co. Pvt. Ltd.

The Board of Directors at its meeting held on December 15, 2009 approved for 2,79,717 equity warrants on a preferential basis to the promoter Company at a price of Rs. 16/- at a premium of Rs. 6/- per share.

The stock closed the day at Rs.15.75, down by Rs.0.87 or 5.23%. The stock hit an intraday high of Rs.16.30 and low of Rs.14.96.

The total traded quantity was 1500 compared to 2 week average of 2226.

Source : Equity Bulls

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