Deep Industries Ltd to consider allotment of warrants

A meeting of the Board of Directors of Deep Industries Ltd will be held on December 03, 2011, to consider the proposal to allot 27,50,000 Convertible Warrants of Rs. 76/- each to the Promoters and relatives of Promoter's Group on preferential basis.

The Board shall also consider the appointment of Directors.

The stock was trading at Rs.69.40, up by Rs.4.95 or 7.68%. The stock hit an intraday high of Rs.70.30 and low of Rs.64.90.

The total traded quantity was 0.27 lakhs compared to 2 week average of 0.62 lakhs.

Source : Equity Bulls

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