Saamya Biotech to consider issue of warrants on Feb 27, 2010

Saamya Biotech India Ltd has announced that as informed earlier, Members of the Company have approved by way of postal ballot the issue of convertible warrants to the promoters and/or promoters group, a meeting of the Board of Directors of the Company will be held on February 27, 2010, to allot 1,50,00,000 convertible warrants to the promoters and/ or promoters group @ Rs. 10.50 paise each warrant.

The stock was trading at Rs.8.12, down by Rs.0.13 or 1.58%. The stock hit an intraday high of Rs.8.45 and low of Rs.8.

The total traded quantity was 6211 compared to 2 week average of 21195.

Source : Equity Bulls

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