Sri Adhikari Brothers Television Network allots 30 lakh warrants

The Board of Directors of Sri Adhikari Brothers Television Network Ltd at its meeting held on March 21, 2011, has issued and allotted 30,00,000 warrants convertible into even number of equity shares of the Company at an issue price of Rs. 46.50 (Rupees Forty Six and Fifty Paise Only) per share, including premium of Rs. 36.50 per share on preferential basis to the persons in the promoter group.

The stock was trading at Rs.68.05, down by Rs.3.55 or 4.96%. The stock hit an intraday high of Rs.74.85 and low of Rs.68.05.

The total traded quantity was 0.27 lakhs compared to 2 week average of 0.96 lakhs.

Source : Equity Bulls

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