Sathavahana Ispat to consider warrants issue on Nov 16, 2010

Sathavahana Ispat Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 16, 2010, to consider issue of Share Warrants to promoters group and Equity Shares to select investor on Preferential allotment basis.

The stock closed the day at Rs.60.10, down by Rs.2.85 or 4.53%. The stock hit an intraday high of Rs.65 and low of Rs.59.05.

The total traded quantity was 2.40 lakhs compared to 2 week average of 1.53 lakhs.

Source : Equity Bulls

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