Southern Online Bio Technologies converts 2 lakh warrants

Southern Online Bio Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on March 10, 2010, has approved for the conversion of 2,00,000 warrants allotted on September 30, 2008 into Equity shares of Rs. 25.90 ps each (incl. premium of Rs. 15.90 ps each) to Mr. Ganesh Kumar Singhania on Preferential basis pursuant to the approval of Annual General Meeting held on September 25, 2008.

The stock closed the day at Rs.22.50. The stock hit an intraday high of Rs.23.40 and low of Rs.22.50.

The total traded quantity was 39987 compared to 2 week average of 103961.

Source : Equity Bulls

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