Ansal Housing & Construction approves 1.2 million warrants issue

Ansal Housing & Construction Ltd has announced that the Board of Directors of the Company at its meeting held on August 27, 2010, have approved the Issue of 12,00,000 convertible warrants at a price of Rs. 70/- per warrant with the option to convert one warrant into one fully paid-up equity share to the Promoters of the Company in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements), Regulations, 2009.

The stock closed the day at Rs.65.95, down by Rs.2.45 or 3.58%. The stock hit an intraday high of Rs.69.75 and low of Rs.65.

The total traded quantity was 15105 compared to 2 week average of 34237.

Source : Equity Bulls

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