Camson Bio Technologies allots 2080000 Shares

The Board of Directors of Camson Bio Technologies Ltd at its meeting held on March 14, 2011, decided to allot the shares for the following warrant holders, since they have paid their full money towards the warrants, which were allotted to them on October 14, 2009.

Mr. Dhirendra Kumar was allotted 9,90,000 shares on conversion of 9,90,000 warrants allotted at Rs.75/- and the total Value is Rs.74,250,000. Shastika resorts & SPA Pvt Ltd was allotted 9,90,000 shares on conversion of 9,90,000 warrants allotted at Rs.75/- and the total Value is Rs.74,250,000. Mrs. Mekala K was allotted 1,00,000 shares on conversion of 1,00,000 warrants allotted at Rs.75/- and the total Value is Rs.75,00,000.

Further the Company has informed that as per the resolution passed at the shareholder's meeting on October 14, 2009, each warrant shall be converted into one equity share of nominal value of Rs. 10/- each of the company.

The stock was trading at Rs.114.90, down by Rs.0.35 or 0.30%. The stock hit an intraday high of Rs.116.50 and low of Rs.111.

The total traded quantity was 5450 compared to 2 week average of 40456.

Source : Equity Bulls

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