Neo Corp to consider allotment of 2775000 warrants on Mar 18, 2010

Neo Corp International Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 18, 2010, inter alia to consider & approve the Allotment of fully paid 27,75,000 (Twenty Seven Lacs Seventy Five Thousand) Warrants convertible into 27,75,000 equity shares of Rs. 10/- each at a premium of Rs. 23/- each to promoters and other than promoters on preferential basis.

The stock was trading at Rs.48.50, down by Rs.1.10 or 2.22%. The stock hit an intraday high of Rs.50 and low of Rs.48.05.

The total traded quantity was 3506 compared to 2 week average of 20978.

Source : Equity Bulls

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