Hester Biosciences allots 480000 equity warrants

Hester Biosciences Ltd has announced that the Board of Directors of the Company has allotted 4,80,000 (Four lacs Eighty Thousand) Equity warrants to the Promoters/ Promoter Group(s) and Non Promoters with each warrant convertible into equity share of the Company of nominal value of Rs. 10/- each at a price of Rs. 137/- per share, which includes a premium of Rs. 127/- per share on preferential basis, through circular resolution, as on August 12, 2010.

The stock closed the day at Rs.144.25, up by Rs.3.25 or 2.30%. The stock hit an intraday high of Rs.144.25 and low of Rs.140.25.

The total traded quantity was 1375 compared to 2 week average of 573.

Source : Equity Bulls

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