Supreme Infrastructure converts 20 lakh warrants

Supreme Infrastructure India Ltd has announced that the Board of Directors of the Company at its meeting held on August 07, 2010, inter alia, has approved the Conversion of Warrant into Equity shares and make allotment of total 20,00,000 Shares to the name of M/s. Mavy Investment Funds Ltd. and Mr. Vikram Sharma to the tune of 10,00,000/- each.

The stock was trading at Rs.296, up by Rs.4.25 or 1.46%. The stock hit an intraday high of Rs.302 and low of Rs.295.10.

The total traded quantity was 0.29 lakhs compared to 2 week average of 0.77 lakhs.

Source : Equity Bulls

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