Infibeam hits 52-week high on issuing warrants to Bennett Co

Posted By: Religare
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Shares of Infibeam Incorporation zoomed over 13 per cent, hitting 52-week high, on the Bombay Stock Exchange after its board approved issue of warrants to Bennett Coleman and Company on preferential issue-basis at a conversion price of Rs 1,375 per equity share.

Infibeam hits 52-week high on issuing warrants to Bennett Co

Following the announcement, shares of company gained as much as 13.52 per cent to hit 52-week high in intra-day trade to Rs 1310.00 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of firm rose 11.12 per cent to Rs 1,277.15 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,519.36, up 143.78 points, or 0.53 per cent, at 11:55 hours.

Read more about: bse, stocks, sensex
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