Catvision Products Ltd approves allotment of 8 lakh warrants

The Board of Directors of Catvision Products Ltd at its meeting held on June 15, 2012, has approved the allotment of 8,00,000 warrants on preferential basis to a M/s. Global Impex Limited, a Foreign Investor pursuant to SEBI (ICDR) Regulations at an issue price of Rs. 12.25/- per warrant. The Company has complied with all the regulatory requirements for the allotment of said warrants.

The Catvision Products Ltd stock was trading at Rs.10.96, up by Rs.0.52 or 4.98%. The stock hit an intraday high of Rs.10.96 and low of Rs.9.92.

The total traded quantity was 10090 compared to 2 week average of 3462.

Source : Equity Bulls

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