Infronics Systems to consider conversion of 1 million warrants

A Meeting of the Board of Directors of Infronics Systems Ltd will be held on March 31, 2011, to consider and approve the conversion of 10,00,000 warrants into 10,00,000 Equity Shares of Rs. 5/- each with a premium of Rs. 10/- per share on preferential basis to the promoters.

The stock closed the day at Rs.29.20, down by Rs.3.15 or 9.74%. The stock hit an intraday high of Rs.33.65 and low of Rs.29.20.

The total traded quantity was 8106 compared to 2 week average of 3787.

Source : Equity Bulls

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