Cupid to issue 11.50 lakh warrants

Cupid Ltd has announced that the Board of Directors of the Company at its meeting held on May 06, 2010, has decided that Company will issue and allot up to 11,50,000 (Eleven Lacs Fifty Thousand Only) convertible warrants convertible into equal no of Equity shares of Rs. 10/- each on preferential basis subject to the approval of the shareholders of the company.

The stock was trading at Rs.9.75, down by Rs.0.25 or 2.50%. The stock hit an intraday high of Rs.10 and low of Rs.9.15.

The total traded quantity was 583 compared to 2 week average of 4405.

Source : Equity Bulls

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