Century Enka converts 1 million warrants

Century Enka Ltd has announced that the Board of Directors of the Company at its meeting held on May 03, 2010, has converted 10,00,000 Preferential Warrants into 10,00,000 fully paid-up equity shares of Rs. 10/- each face value and issued the same to the following promoters of the Company Century Textiles and Industries Ltd. (500,000 shares) and TGS Investment & Trade Pvt. Ltd. (500,000 shares).

The stock closed the day at Rs.298.05, down by Rs.3.20 or 1.06%. The stock hit an intraday high of Rs.306.50 and low of Rs.296.10.

The total traded quantity was 40565 compared to 2 week average of 36960.

Source : Equity Bulls

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