Cerebra Integrated Technologies approves warrants, shares issue

Cerebra Integrated Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on October 06, 2010, inter alia, has approved issue of 10,00,000 of Equity Shares of Rs. 10/- each at a price arrived at, as per ICDR regulations on preferential basis to strategic investors.

The Board approved issue of 1,50,00,000 of Warrants of Rs. 10/- each at a price arrived at, as per ICDR regulations on preferential basis to strategic investors and promoters on preferential basis.

The stock closed the day at Rs.29.65, down by Rs.1.15 or 3.73%. The stock hit an intraday high of Rs.31.40 and low of Rs.29.50.

The total traded quantity was 2.06 lakhs compared to 2 week average of 2.27 lakhs.

Source : Equity Bulls

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