Vivimed Labs to reconsider allotment of warrants on Feb 05, 2010

Vivimed Labs Ltd has announced that as informed earlier, the members of the Company in their Extra Ordinary General Meeting held on November 21, 2009, approved issue of Warrants on Preferential Basis. However, due to technical reasons, Company could not proceed with allotment of warrants. Hence Board of the Company, shall meet on February 05, 2010, to consider and decide on date of EGM to be held to reconsider and consent to allot Warrants on preferential basis, to the same persons approved in the EGM held on November 21, 2009.

The stock closed the day at Rs.143.30, up by Rs.1.20 or 0.84%. The stock hit an intraday high of Rs.145.70 and low of Rs.140.

The total traded quantity was 12259 compared to 2 week average of 32264.

Source : Equity Bulls

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