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Sumeet Inds may issue 50 lakh warrants at Rs 35/share

Promoters of Sumeet Industries have got themselves issued warrants at Rs 35 per share. The current stock price is about Rs 28. In an interview to CNBC-TV18, chairman Shankar Lal Somani spoke about the recent happenings in the company and the road ahead.

September 06, 2011 / 09:32 IST
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Promoters of Sumeet Industries have got themselves issued warrants at Rs 35 per share. The current stock price is about Rs 28. In an interview to CNBC-TV18, chairman Shankar Lal Somani spoke about the recent happenings in the company and the road ahead.

Here is the edited transcript of his interview. Also watch the accompanying video.

Q: Do you believe that your stock price is slightly depressed for Rs 35 a share where you have the warrants allotted to you? What would you do with the money? Are there any other fund raising plans?


A: Our company

first published: Sep 5, 2011 04:43 pm

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