Choksi Laboratories allots 934400 shares

Choksi Laboratories Ltd has announced that the Board of Directors of the Company at its meeting held on January 29, 2011, has allotted 9,34,400 Equity Shares out of conversion of 9,34,400 Convertible Warrants (out of total outstanding warrants 12,35,663) issued on preferential basis pursuant to special resolution passed in the Extra Ordinary General Meeting held on April 10, 2010.

The stock was trading at Rs.16, down by Rs.0.10 or 0.62%. The stock hit an intraday high of Rs.17.30 and low of Rs.16.

The total traded quantity was 3798 compared to 2 week average of 8155.

Source : Equity Bulls

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