Sturdy Industries board to allot warrants
Sturdy Industries board to allot warrants >The board of directors of Sturdy Industries, at its meeting held on Sep. 24, 2007, decided to issue 2 million warrants of face value of Rs 10 each at a price of Rs 17 a warrant to the non-promoter group on preferential basis. These warrants are convertible into equity shares. The issue is subject to the approval of the shareholders at the extra-ordinary general meeting scheduled to be held on Oct. 3, 2007.
Shares of the company were last traded on Sep. 21, 2007.
