Trigyn Technologies allots 1380000 equity shares on conversion of warrants

The Board of Directors of Trigyn Technologies Ltd by passing the resolution by Circulation on March 30, 2011, have issued and allotted 13,80,000 equity shares at the price of Rs. 18.81 per share on preferential basis to United Telecoms Limited (Promoters). The above allotment was done on conversion of equivalent number of warrants issued in terms of SEBI (Issue of Capital and Disclosure Requirements ) Regulations and SEBI (Substantial Acquisition of Shares and Takeover) Regulations.

Consequent to the above allotment, the paid up share capital of the Company has increased from Rs. 26,52,37,360/- to Rs. 27,90,37,360/-.

The stock closed the day at Rs.20, up by Rs.0.25 or 1.27%. The stock hit an intraday high of Rs.20.55 and low of Rs.19.85.

The total traded quantity was 5496 compared to 2 week average of 10323.

Source : Equity Bulls

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