Sadbhav Engineering allots 2524490 Equity Shares against conversion of Detachable Warrants

Sadbhav Engineering Ltd has announced that the, Board of Directors on January 19, 2011 has approved allotment of 25,24,490 equity shares of Re. 1/- each against conversion of 25,24,490 Detachable Warrant. Pursuant to present allotment, the equity paid up capital of the Company is Rs. 13,50,52,610 divided into 135052610 equity shares of Re. 1/- each.

The stock closed the day at Rs.103.50, up by Rs.0.70 or 0.68%. The stock hit an intraday high of Rs.104.70 and low of Rs.101.

The total traded quantity was 2.80 lakhs compared to 2 week average of 0.43 lakhs.

Source : Equity Bulls

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