Interworld Digital allots 34 lakh shares at Rs 1.66

Interworld Digital Ltd has announced that the Board of Directors of the Company at its meeting held on July 28, 2010 has converted 34,00,000 Warrants into Equity Shares at the rate of Rs. 1.66/- per share of the persons belonging to the Promoter Group. These warrants were earlier allotted on Preferential Basis.

The company has received the entire amount and request for conversion of the warrants from the warrant holder.

The stock closed the day at Rs.2.23, down by Rs.0.11 or 4.70%. The stock hit an intraday high of Rs.2.32 and low of Rs.2.23.

The total traded quantity was 6.16 lakhs compared to 2 week average of 2 lakhs.

Source : Equity Bulls

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