Sujana Towers to convert 18 lakh warrants

Sujana Towers Ltd has announced that as per the authorisation given by the Board of Directors of the Company at their meeting held on November 14, 2009, the Management Committee of the Board of Directors of the Company at their meeting held on March 30, 2010 approved the resolution to convert 18,00,000 convertible warrants into 18,00,000 equity shares of Rs. 5/- each at a premium of Rs. 50/- per share.

The stock closed the day at Rs.49.70, up by Rs.1.15 or 2.37%. The stock hit an intraday high of Rs.51.90 and low of Rs.48.50.

The total traded quantity was 281838 compared to 2 week average of 194875.

Source : Equity Bulls

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