Arunjyoti Enterprises approves conversion of 1150000 warrants

Arunjyoti Enterprises Ltd has announced that the Board of Directors of the Company at its meeting held on November 10, 2010, inter alia, has approved the conversion of 11,50,000 convertible warrants into 11,50,000 equity shares of Rs. 10/- each at a premium of Rs. 2 per share allotted to the promoters and others on preferential basis.

The stock closed the day at Rs.133.15, up by Rs.6.30 or 4.97%. The stock hit an intraday high of Rs.133.15 and low of Rs.127.90.

The total traded quantity was 2714 compared to 2 week average of 2301.

Source : Equity Bulls

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