JMDE Packaging approves conversion of warrants

JMDE Packaging & Realties Ltd has announced that the Board of Directors of the Company at its meeting held on September 16, 2010, considered and approved the allotment the Equity shares on conversion of Warrants allotted on March 16, 2009 to the holders from whom allotment money received and have forfeited the warrants of remaining warrant holders who failed to apply for conversion of warrants.

The stock closed the day at Rs.0.72, down by Rs.0.02 or 2.70%. The stock hit an intraday high of Rs.0.77 and low of Rs.0.72.

The total traded quantity was 0.41 lakhs compared to 2 week average of 0.97 lakhs.

Source : Equity Bulls

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