LS Industries allots 62230000 warrants

LS Industries Ltd has announced that the Board of Directors of the Company at its meeting held on April 13, 2010, has allotted 6,22,30,000 Convertible Warrants to promoters and 2,15,51,870 mandatorily convertible preference shares to non-promoters at a price of Rs. 12.20 per share in accordance with 'In principle approval' issued by the Exchange.

The stock was trading at Rs.11.18, up by Rs.0.53 or 4.98%. The stock hit an intraday high of Rs.11.18 and low of Rs.11.18.

The total traded quantity was 400 compared to 2 week average of 200.

Source : Equity Bulls

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