Nakoda to allot 36000000 warrants on Jun 23, 2010

Nakoda Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 23, 2010, to allot Preferential Allotment of 3,60,00,000 Warrants of Rs. 30/- each, which will be convertible in to 7,20,00,000 Equity Shares of Rs. 5/- each at premium of Rs. 10/- per Equity Share.

The stock closed the day at Rs.13.29, up by Rs.0.26 or 2%. The stock hit an intraday high of Rs.13.50 and low of Rs.12.45.

The total traded quantity was 91968 compared to 2 week average of 113176.

Source : Equity Bulls

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