Bhatinda Chemicals to consider allotment of 8 million warrants on Sep 20, 2010

Bhatinda Chemicals Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 20, 2010, to consider the allotment of 8000000 warrants at Rs. 31/- per warrant to be converted into equity shares of Rs. 10/- each at a premium of Rs. 21/- per share within a period of 18 months on preferential allotment basis.

The stock was trading at Rs.33, down by Rs.0.55 or 1.64%. The stock hit an intraday high of Rs.33 and low of Rs.33.

The total traded quantity was 369 compared to 2 week average of 1110.

Source : Equity Bulls

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