Everonn Education to allot FCDs, Warrants

Everonn Education Ltd has announced that the Board of Directors of the Company at its meeting held on May 19, 2010, has approved the issue of Zero coupon Fully Convertible Debentures to Non-promoters HT Media Ltd - Rs. 10,40,00,000/- (Rupees Ten Crore Forty Lakhs Only) and DB Corp Ltd. - Rs. 7,78,00,000/- (Rupees Seven Crore Seventy Eight Lakhs only).

The Board also approved the issue of Equity Convertible Warrants to promoter/person forming part of promoter group P. Kishore (Promoter) - 500000 warrants and Susha John (Promoter Group) - 100000 warrants.

The stock closed the day at Rs.368.45, up by Rs.2.35 or 0.64%. The stock hit an intraday high of Rs.378.70 and low of Rs.363.70.

The total traded quantity was 116166 compared to 2 week average of 33902.

Source : Equity Bulls

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