Infronics Systems to consider allotment of securities on Oct 28, 2010

Infronics Systems Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 28, 2010, inter alia, to consider and approve the allotment of 27,63,333 Equity Shares and 12,00,000 Convertible warrants on preferential basis to the promoters and the others.

The stock closed the day at Rs.60.35, down by Rs.6.70 or 9.99%. The stock hit an intraday high of Rs.67.45 and low of Rs.60.35.

The total traded quantity was 10172 compared to 2 week average of 9075.

Source : Equity Bulls

Keywords