Bharati Shipyard to consider warrants issue

A meeting of the Board of Directors of Bharati Shipyard Ltd will be held on December 03, 2012, to consider the proposal for Allotment of Convertible Warrants to the Promoter Group along with Compulsory Convertible Debenture to other than Promoters of the Company on a Preferential basis as approved by the members by way of postal ballot approved on September 18, 2012.

The Bharati Shipyard Ltd stock was trading at Rs.66.95, up by Rs.2.40 or 3.72%. The stock hit an intraday high of Rs.69.50 and low of Rs.64.80.

The total traded quantity was 0.86 lakhs compared to 2 week average of 0.16 lakhs.

Source : Equity Bulls

Keywords