JHS Svendgaard to allot 11 lakh warrants

JHS Svendgaard Laboratories Ltd has announced that the Board of Directors of the Company at its meeting held on August 13, 2009, inter alia, has decided to allot 11,00,000 warrants which will be convertible into Equity Shares at the option of the holders, to the persons belonging to the Promoter and strategic investors. The allotment will be subject to the shareholders approval in the Annual General Meeting scheduled to be called on September 22, 2009.

The Board has appointed Mr. Gurinder Bhalla as an Additional Director.

The stock was trading at Rs.27.30, down by Rs.0.25 or 0.91%. The stock hit an intraday high of Rs.29.40 and low of Rs.27.25.

The total traded quantity was 15488 compared to 2 week average of 24083.

Source : Equity Bulls

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