Catvision Products to issue 8 lakhs warrants to Global Impex

Catvision Products Ltd has announced that the Board of Directors of the Company at its meeting held on August 31, 2010, inter alia has approved the issuance of 800,000 Warrants of Rs. 10/- each (each Warrant is convertible into one Equity Shares of the Company) to M/s Global Impex Ltd., a foreign company, at a price to be determined in accordance with the provisions of Chapter XIII of Security and Exchange Board of India (Disclosure and Investor Protection) Guidelines-2000.

The Board approved change in the name of the Company from Catvision Products Ltd. to Catvision Ltd, subject to the availability with Registrar of Companies, Delhi and Haryana.

The Board approved proposal to convene 25th Annual General Meeting of the shareholders of the Company on September 30, 2010, for the purpose of effecting required resolutions with respect to the above.

The stock was trading at Rs.17.10, up by Rs.0.95 or 5.88%. The stock hit an intraday high of Rs.17.90 and low of Rs.15.

The total traded quantity was 1605 compared to 2 week average of 2127.

Source : Equity Bulls

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