Prakash Industries allots 1 crore Equity Shares on conversion of Warrants

Prakash Industries Ltd has announced that the Allotment Committee of the Board of Directors of the Company in its meeting held on January 01, 2011 has allotted 1,00,00,000 equity shares pursuant to conversion of said warrants.

The stock was trading at Rs.131.75, up by Rs.8.40 or 6.81%. The stock hit an intraday high of Rs.132.40 and low of Rs.126.75.

The total traded quantity was 2.10 lakhs compared to 2 week average of 0.51 lakhs.

Source : Equity Bulls

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