Sadbhav Engineering allots 14823190 Equity Shares against conversion of Detachable Warrants

The Board of Directors of Sadbhav Engineering Ltd on February 24, 2011 have the approved allotment of 1,48,23,190 equity shares of Re. 1/- each against conversion of 1,48,23,190 Detachable Warrants. Pursuant to present allotment, the equity paid up capital of the Company is Rs. 14,98,75,800/- divided into 14,98,75,800 equity shares of Re. 1/- each.

The stock closed the day at Rs.96.70, down by Rs.1.60 or 1.63%. The stock hit an intraday high of Rs.98 and low of Rs.94.50.

The total traded quantity was 4449 compared to 2 week average of 37246.

Source : Equity Bulls

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