Syschem India allots 80 lakh shares

The Board of Directors of Syschem India Ltd at its meeting held on March 28, 2011 allotted 80,00,000 Equity Shares to non-promoter individuals upon conversion of 80,00,000 Convertible Warrants.

The stock closed the day at Rs.1.24, down by Rs.0.08 or 6.06%. The stock hit an intraday high of Rs.1.39 and low of Rs.1.16.

The total traded quantity was 1.77 lakhs compared to 2 week average of 0.59 lakhs.

Source : Equity Bulls

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