ADF Foods shares down 9 pct

Shares in ADF Foods Ltd fell over 9 per cent after the company approved allotment 2 million convertible warrants to founders at a discount to the current market price,three dealers said. The company’s board approved warrant issue at 65 rupees a share. At 11.30 a.m.,shares in the company were down 7.77 per cent to Rs 73.55.