Vardhman Polytex allots 660000 warrants

Vardhman Polytex Ltd has announced that the Board of Directors of the Company at its meeting held on March 18, 2010, has made the allotment 660000 (six lac sixty thousand only) Convertible Warrants to a Financial Investor (belonging to the Promoter Group) on preferential basis pursuant to SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009.

The stock closed the day at Rs.48.50, down by Rs.0.50 or 1.02%. The stock hit an intraday high of Rs.49.50 and low of Rs.48.10.

The total traded quantity was 1033 compared to 2 week average of 3340.

Source : Equity Bulls

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