GS Auto to consider allotment of 40 lakh warrants on Feb 09, 2010

GS Auto International Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 09, 2010, to consider the allotment of 40,00,000 (Forty lacs) warrants to promoters/promoters group and other strategic investors on preferential basis, pursuant to the approval of the said warrants by the shareholders of the Company, in the Extra ordinary General Meeting, held on December 26, 2009 and further in receipt of in-principal approval for the above said warrants from the stock exchange.

The stock closed the day at Rs.46.40, up by Rs.0.25 or 0.54%. The stock hit an intraday high of Rs.47.45 and low of Rs.43.90.

The total traded quantity was 197074 compared to 2 week average of 49556.

Source : Equity Bulls

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