Beckons Industries to issue 1.5 million shares to Jilani International

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Beckons Industries to issue 1.5 million shares to Jilani International
Beckons Industries Ltd has announced that the Board of Directors of the Company at its meeting held on July 26, 2010, has discussed and decided to Issue 15,00,000 Equity shares on preferential basis to foreign investor M/s. Jilani International @ Rs. 13.50 per share (at a premium of Rs. 3.50 per Share) pursuant to approval u/s 81 (1A) of the Companies Act, 1956. The stock was trading at Rs.7.56, up by Rs.0.23 or 3.14%. The stock hit an intraday high of Rs.7.70 and low of Rs.7.45. The total traded quantity was 3.16 lakhs compared to 2 week average of 6.97 lakhs.
Source: Equity Bulls
Posted On: 7/26/2010 12:02:08 AM
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