Prabhav Industries approves allotment of 25 lakh warrants

Prabhav Industries Ltd has announced that the Board of Directors of the Company at its meeting held on October 18, 2010, has approved the allotment of 25,00,000 (Twenty Five Lacs) Convertible Equity Warrants to Cameron Realty Pvt. Ltd. as approved in the Annual General Meeting of the Company convened on September 30, 2010 on the receipt of upfront money amounting to 25% of the Total consideration from the allottee.

The stock closed the day at Rs.79.60, down by Rs.4.15 or 4.96%. The stock hit an intraday high of Rs.80 and low of Rs.79.60.

The total traded quantity was 3400 compared to 2 week average of 3020.

Source : Equity Bulls

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