Modi Naturals approves issue of shares to FIIs

Modi Naturals Ltd has announced that the Board of Directors of the Company at its meeting held on September 30, 2010, inter alia, has considered and approved the allotment of equity shares to Foreign Institutional Investors (FII) on conversion of Optionally Convertible Warrants held by them.

The stock closed the day at Rs.17.60, down by Rs.0.55 or 3.03%. The stock hit an intraday high of Rs.19.05 and low of Rs.17.60.

The total traded quantity was 1100 compared to 2 week average of 1275.

Source : Equity Bulls

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