Shri Ganesh Spinners approves conversion of warrants

Shri Ganesh Spinners Ltd has announced that the Board of Directors of the Company at its meeting held on March 27, 2010, has approved to issue Equity Shares in lieu of Convertible Equity Warrants to the Applicants from whom full consideration for the same has been received.

The stock closed the day at Rs.11.65, down by Rs.0.61 or 4.98%. The stock hit an intraday high of Rs.12.25 and low of Rs.11.65.

The total traded quantity was 1494563 compared to 2 week average of 1062029.

Source : Equity Bulls

Keywords