Country Club India forfeits warrants

Country Club India Ltd has announced that Mr. V. Rajeev Reddy, Chiarman & Managing Director of the Company has not exercised his 7 (seven) lakhs warrants allotted on October 01, 2008 @ Rs. 770/- per warrant.

These warrants were due for conversion on March 31, 2010. Hence, the said warrants were expired and the Company has forfeited the 10% amount collected in advance.

The stock closed the day at Rs.19.60, down by Rs.0.15 or 0.76%. The stock hit an intraday high of Rs.20.10 and low of Rs.19.55.

The total traded quantity was 425018 compared to 2 week average of 1495615.

Source : Equity Bulls

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