Channel Guide India allots 3283666 shares

Channel Guide India Ltd has announced that the Board of Directors of the Company at its meeting held on March 25, 2010, has allotted 32,83,666 Equity Shares of Rs. 5/- each at a premium of Rs. 5/-, upon exercise of conversion option by the warrant holders by payment of balance amount of preferential warrants.

Further the Company has informed that, remaining agenda items are being postponed to the next Board Meeting to be held on April 01, 2010.

The stock closed the day at Rs.13.80, up by Rs.0.75 or 5.75%. The stock hit an intraday high of Rs.14.20 and low of Rs.12.80.

The total traded quantity was 75156 compared to 2 week average of 49972.

Source : Equity Bulls

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