Surya Pharma to consider allotment of 47 lakhs warrants on Apr 22, 2010

Surya Pharmaceutical Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 22, 2010 for allotment of 47,00,000 Zero Coupon Convertible Share Warrants on preferential basis with an option to convert each Share Warrant into one fully paid Equity Share of Rs. 10/- each.

The stock closed the day at Rs.179.10, down by Rs.5.50 or 2.98%. The stock hit an intraday high of Rs.184.70 and low of Rs.175.10.

The total traded quantity was 52919 compared to 2 week average of 80540.

Source : Equity Bulls

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