Span Diagnostics allots 165250 shares

Span Diagnostics Ltd has announced that the Board of Directors of the Company at its meeting held on April 10, 2010 had made allotment of 1,65,250 Shares of Rs. 10/- each at the premium of Rs. 29.97 per share fully paid up by converting the Convertible Share Warrants already issued to promoters on preferential basis. This is in pursuant to approval of the Shareholders' in Extra Ordinary General Meeting held on May 30, 2009 and in-principle approval dated May 21, 2009 of Stock Exchange for issue of Convertible Share Warrants.

The Company's share capital now stands increased to Rs. 3,63,80,000 from Rs. 3,47,27,500.

The stock closed the day at Rs.72.60, up by Rs.1.70 or 2.40%. The stock hit an intraday high of Rs.75 and low of Rs.70.25.

The total traded quantity was 244 compared to 2 week average of 1028.

Source : Equity Bulls

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