Visagar Polytex to issue 5.6 lakh warrants

Visagar Polytex Ltd has announced that the Board of Directors of the Company at its meeting held on February 11, 2010, inter alia, has approved the Issue of 5,60,000 Warrants Convertible into Equity Shares of Re. 1/- each at a premium of Rs. 119/- each to Promoter and Others on a Preferential Basis.

The Board also approved convening of an Extraordinary General Meeting of the members of the Company of March 04, 2010 to approve the matters as per the notice.

The stock was trading at Rs.119.50, up by Rs.8.30 or 7.46%. The stock hit an intraday high of Rs.124.75 and low of Rs.111.50.

The total traded quantity was 39357 compared to 2 week average of 17324.

Source : Equity Bulls

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