Filatex India allots 40 lakh warrants

Filatex India Ltd has announced that the Board of Directors of the Company will consider and approve, by way of resolution by circulation on March 04, 2010, the allotment of 40,00,000 convertible Warrants by way of Preferential Issue to the Promoters / Promoter Group of the Company.

The stock was trading at Rs.36.95, down by Rs.1.25 or 3.27%. The stock hit an intraday high of Rs.38.50 and low of Rs.36.95.

The total traded quantity was 5701 compared to 2 week average of 7122.

Source : Equity Bulls

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