Lok Housing allots 16,40,000 equity shares

Lok Housing & Constructions Ltd has announced that the Subscribers of the Convertible Warrants have exercised their option to convert their 16,40,000 Warrants into Equity Shares.

The Allotment Committee of the Company have allotted 16,40,000 Equity Shares to Warrant Holders on May 29, 2007.

The stock closed the day at Rs.198.70, down by Rs.1.10 or 0.55%. The stock hit an intraday high of Rs.204.50 and low of Rs.197.10. The total traded quantity was 372719 compared to 2 week average of 311559.

Source : Equity Bulls

Keywords