Malabar Trading Company allots 15 lakh warrants

The Preferential Issue Committee of the Board of Directors of Malabar Trading Company Ltd at its meeting held on March 11, 2011 considered, approved and allotted 15,00,000 Convertible Equity Warrants to the proposed allottees as per the list approved by the Board and Members. The above allotment was done after an amount equivalent to at least 25% of the consideration determined in terms of regulation 76 has been received against each warrant on or before the date of allotment of warrants.

The stock last traded on October 28, 2010 at Rs.35.55, up by Rs.0.65 or 1.86%. The stock hit an intraday high of Rs.35.55 and low of Rs.35.55.

Source : Equity Bulls

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