Sujana Towers approves conversion of 60 lakh warrants

Sujana Towers Ltd has announced that as per the authorisation given by the Board of Directors of the Company at their meeting held of November 14, 2009, the Management Committee of the Board of Directors of the Company at their meeting held on March 08, 2010 approved the resolution to convert 60,00,000 convertible warrants into 60,00,000 equity shares of Rs. 5/- each at a premium of Rs. 50/- per share.

The stock closed the day at Rs.54.15. The stock hit an intraday high of Rs.55.95 and low of Rs.53.65.

The total traded quantity was 181150 compared to 2 week average of 479120.

Source : Equity Bulls

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