Mahan Industries allots convertible equity warrants

Mahan Industries Ltd has announced that the Board of Directors of the Company at its meeting held on January 04, 2010, inter alia, has allotted convertible Equity Warrants to all the allottees on preferential basis which were approved in the Extra Ordinary General Meeting of the Company held on December 05, 2009.

The stock closed the day at Rs.31, up by Rs.1.45 or 4.91%. The stock hit an intraday high of Rs.31 and low of Rs.31.

The total traded quantity was 53347 compared to 2 week average of 38448.

Source : Equity Bulls

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