Noida Medicare allots 28.50 lakh shares on conversion of warrants

Noida Medicare Centre Ltd has announced that the Board of Directors of the Company at its meeting held on January 22, 2010, inter alia, has allotted 28,50,000 (Twenty Eight Lacs Fifty Thousand) equity shares, to promoters and independent private investors, against the warrants earlier allotted to them, which have been fully paid up and were carrying option / entitlement to subscribe to one number of equity shares of Company of Rs. 10.00 each, for cash, at a price of Rs. 13.50 per share (including premium of Rs. 3.50 per equity share) calculated in accordance with provision of SEBI guidelines for preferential issue (chapter XIII of the SEBI (disclosure and investor protection) Guidelines 2000 as amended) consent whereof was granted by the share holders of the Company in Company's Nineteenth Annual General Meeting held on September 30, 2008.

The Stock closed the day at Rs.23, up by Rs.2.35 or 11.38%. The stock hit an intraday high of Rs.24.40 and low of Rs.18.60.

The total traded quantity was 170829 compared to 2 week average of 48117.

Source : Equity Bulls

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