Century Enka approves conversion of 8 lakh Warrants into equity shares

Century Enka Ltd has announced that the Board of Directors of the Company at its meeting held on January 27, 2010, converted 8,00,000 Preferential Warrants into 8,00,000 fully paid-up equity shares of Rs. 10/- each face value.

Century Textiles and Industries Ltd. was allotted 400,000 shares and TGS Investment & Trade Pvt. Ltd. was allotted 400,000 shares.

The stock closed the day at Rs.256, down by Rs.27.90 or 9.83%. The stock hit an intraday high of Rs.284.95 and low of Rs.252.

The total traded quantity was 79511 compared to 2 week average of 114721.

Source : Equity Bulls

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