Control Print allots 375000 warrants

Control Print Ltd has announced that the Board of Directors of the Company at its meeting held on August 07, 2010, has made allotment of 3,75,000 Warrants convertible into Equity Shares of Rs. 10/- each issued at a premium of Rs. 26.25/- per shares as per the SEBI Guidelines to the promoters of the Company as under on preferential basis for which Company has received in- principle approval.

The allottees include M/s. Silver Plastochem Pvt. Ltd. - 1,00,000 shares, Mr. Shiva Kabra - 1,00,000 shares, Mrs. Pushpa Kabra - 1,00,000 shares and Mr. Basant Kabra - 75,000 shares.

The stock was trading at Rs.48, up by Rs.3.30 or 7.38%. The stock hit an intraday high of Rs.50 and low of Rs.46.50.

The total traded quantity was 67049 compared to 2 week average of 19191.

Source : Equity Bulls

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