Mefcom Capital Markets to consider allotment of 18 lakh warrants on July 12, 2010

Mefcom Capital Markets Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 12, 2010, to consider allotment of 18,00,000 Warrants of face value of Rs. 10/- each at a premium of Rs. 2.50 per warrant (Equity Shares) to persons other than promoters on the preferential allotment basis determined as per SEBI (ICDR) Regulation, 2009. Issue of these warrants was approved by shareholders at the Extraordinary General Meeting held on June 28, 2010.

The stock closed the day at Rs.22.05, up by Rs.1.05 or 5%. The stock hit an intraday high of Rs.22.05 and low of Rs.20.

The total traded quantity was 84483 compared to 2 week average of 19715.

Source : Equity Bulls

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