Valuemart Info Technologies approves conversion of 1 crore warrants

Valuemart Info Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on November 19, 2010, inter alia, has approved conversion of 1,00,00,000 (One Crore Only) Equity Warrants allotted to the promoters on preferential basis on February 05, 2010 into 1,00,00,000 (One Crore Only) Equity Shares at a price of Rs. 2.25 per share (comprising nominal value of Rs. 2/- per share and premium of Rs. 0.25 per share) to the promoters of the Company.

The stock closed the day at Rs.13.45, down by Rs.0.70 or 4.95%. The stock hit an intraday high of Rs.13.45 and low of Rs.13.45.

The total traded quantity was 0.46 lakhs compared to 2 week average of 2.47 lakhs.

Source : Equity Bulls

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