Sujana Towers approves conversion of 8 million warrants

Sujana Towers Ltd has announced that as per the authorisation given by the Board of Directors of the Company at their meeting held on November 14, 2009, the Management Committee of the Board of Directors of the Company at their meeting held on December 13, 2010 approved the resolution to convert 80,00,000 convertible warrants into 80,00,000 equity shares of Rs. 5/- each at a premium of Rs. 50/- per share.

The stock closed the day at Rs.144.40, down by Rs.7.55 or 4.97%. The stock hit an intraday high of Rs.144.40 and low of Rs.144.40.

The total traded quantity was 1235 compared to 2 week average of 787243.

Source : Equity Bulls

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