7Seas Technologies allots 2 lakh shares

The Board of Directors of 7Seas Technologies Ltd at its meeting held on March 28, 2011, has duly considered and allotted 2,00,000 Equity Shares of Rs. 10/- each with a premium of Rs. 40/- each upon conversion of 2,00,000 Warrants to the promoters on preferential basis.

The stock was trading at Rs.46, down by Rs.0.55 or 1.18%. The stock hit an intraday high of Rs.46 and low of Rs.43.45.

The total traded quantity was 5280 compared to 2 week average of 3234.

Source : Equity Bulls

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