Simplex Realty allots 2,99,077 warrants at Rs.203

Simplex Realty Ltd has announced that the Committee of the Board of Directors (CoD) of the Company at its meeting held on May 30, 2007 has allotted 2,99,077 warrants on preferential basis convertible into even number of Equity Shares of Rs 10/- each of the Company at a price of Rs 203/- (including premium of Rs 193/- per share) in compliance with Chapter XIII of the SEBI (DIP) Guidelines, 2000.

The stock closed the day at Rs.187, up by Rs.8.60 or 4.82%. The stock hit an intraday high of Rs.187.30 and low of Rs.183. The total traded quantity was 319 compared to 2 week average of 433.

Source : Equity Bulls

Keywords