Riga Sugar Converts 805000 Warrants into Equity Shares

Riga Sugar Company Ltd has announced that the Committee for Issue of Share Warrant, at its meeting held on June 23, 2010 has allotted 4,45,000 Equity Shares to the Promoter Group and 3,60,000 Equity Shares to other than promoters by converting 8,05,000 Warrants.

The stock was trading at Rs.26.50, down by Rs.0.80 or 2.93%. The stock hit an intraday high of Rs.28 and low of Rs.26.25.

The total traded quantity was 2670 compared to 2 week average of 2328.

Source : Equity Bulls

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