Trigyn Technologies allots 1315000 equity shares on conversion of warrants

Trigyn Technologies Ltd has announced the Board of Directors of the Company, by passing the resolution by circulation on March 31, 2010, have issued and allotted 13,15,000 equity shares at the price of Rs. 18.81 per share, on preferential basis, to United Telecoms Ltd, the Promoters, on conversion of equivalent number of warrants issued in terms of SEBI (Issue of Capital and Disclosure Requirements) Regulations and SEBI (Substantial Acquisition of Shares and Takeover) Regulations.

Consequent to the above allotment, the paid up share capital of the Company has increased to Rs. 26,50,29,860/-.

The stock was trading at Rs.21.35, up by Rs.0.80 or 3.89%. The stock hit an intraday high of Rs.21.50 and low of Rs.20.40.

The total traded quantity was 8368 compared to 2 week average of 26944.

Source : Equity Bulls

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