Welspun-Gujarat Stahl to allot 13,904,100 Warrants

Welspun-Gujarat Stahl Rohren Ltd has announced that pursuant to authority of special resolution passed by the shareholders of the Company u/s 81 of the Companies Act, 1956 at the Extra Ordinary General Meeting held on May 10, 2007, the Company has allotted on May 24, 2007 to Welspun Wintex Ltd 13,904,100 Warrants carrying right to subscribe for equal number of equity shares of Rs 5/- each fully paid-up in the Company at a price of Rs 102.20 per share.

The stock closed on Friday at Rs.161.15, up by Rs.0.40 or 0.25%. The total traded quantity was 445906 compared to 2 week average of 1344744. The stock hit an intraday high of Rs.163 and low of Rs.155.

Source : Equity Bulls

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