Nutraplus Products approves preferential issue

Nutraplus Products India Ltd has announced that the Board of Directors of the Company at its meeting held on February 09, 2010, has approved the issue of 3,20,000 Equity shares and 8,25,000 convertible warrants on preferential basis subject to the necessary approvals, at a price as determined in accordance with the SEBI (ICDR) Regulations, 2009 to Promoters / Promoters Group.

The Board also approved convening of Extra Ordinary General Meeting of the Members of the Company on March 11, 2010.

The stock closed the day at Rs.11, up by Rs.0.84 or 8.27%. The stock hit an intraday high of Rs.11 and low of Rs.9.40.

The total traded quantity was 5076 compared to 2 week average of 3740.

Source : Equity Bulls

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