Sujana Universal Industries converts 85 lakh warrants

Sujana Universal Industries Ltd has announced that 85,00,000 Convertible Warrants (out of 2,35,00,000 Convertible Warrants issued on March 30, 2010) has been converted into 85,00,000 Equity Shares of Rs. 10/- each at a premium of Rs. 2.50/- per share at the Board meeting held on November 12, 2010.

The stock closed the day at Rs.10.39, down by Rs.0.25 or 2.35%. The stock hit an intraday high of Rs.10.85 and low of Rs.10.21.

The total traded quantity was 9.13 lakhs compared to 2 week average of 11.27 lakhs.

Source : Equity Bulls

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