Mefcom Capital Markets forfeits application money on warrants

The Board of Directors of the Company at its meeting held on December 12, 2011, has forfeited the application money received on 800000 Fully Convertible Warrants due to non-payment of allotment money.

The stock was trading at Rs.12.10, down by Rs.0.05 or 0.41%. The stock hit an intraday high of Rs.12.25 and low of Rs.12.10.

The total traded quantity was 1235 compared to 2 week average of 461.

Source : Equity Bulls

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