Softpro Systems allots 3 lakh shares

Softpro Systems Ltd has announced that the Board of Directors of the Company at its meeting held on April 29, 2010, have allotted 3,00,000 Equity shares of Rs. 10/- upon exercise of the right of conversion for 3,00,000 Fully convertible warrants held by the Warrant holder.

Accordingly the equity share capital of the Company post allotment of 3,00,000 shares as mentioned above, stands at 79,25,000 Shares of Rs. 10/- each.

The stock was trading at Rs.277, down by Rs.8 or 2.81%. The stock hit an intraday high of Rs.280 and low of Rs.276.15.

The total traded quantity was 211 compared to 2 week average of 414.

Source : Equity Bulls

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