Malwa Cotton to consider conversion of warrants on Mar 29, 2010

Malwa Cotton Spinning Mills Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 29, 2010, inter alia, to approve the conversion of 5,50,000 Share Warrants earlier allotted to the promoters of the Company on preferential basis into Equity Shares as per SEBI Guidelines.

The stock closed the day at Rs.36.15, up by Rs.0.85 or 2.41%. The stock hit an intraday high of Rs.37.25 and low of Rs.36.

The total traded quantity was 3926 compared to 2 week average of 3509.

Source : Equity Bulls

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