Secunderabad Healthcare to consider warrants issue on Oct 14, 2010

Secunderabad Healthcare Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 14, 2010, inter alia, to consider and approve the allotment of Convertible Equity Warrants on Preferential Basis to various Allottees from whom upfront money amounting to 25% of the total Consideration has been received pursuant to the resolution passed in the Annual General Meeting of the Company held on the September 09, 2010.

The Board will also consider appointment of the Directors on the Board of the Company.

The stock closed the day at Rs.16.80, down by Rs.0.80 or 4.55%. The stock hit an intraday high of Rs.17.20 and low of Rs.16.80.

The total traded quantity was 1700 compared to 2 week average of 6035.

Source : Equity Bulls

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