Timbor Home approves issue of FCDs

The Board of Directors of Timbor Home Ltd at its meeting held on January 31, 2012, has considered and approved the issue and allotment of (One) Zero % Fully Convertible Debentures of Rs. 3,00,00,000/- (Rupees Three Crores) fully paid-up, aggregating to Rs. 3,00,00,000/- to HT Media Ltd, on preferential basis.

The Board also approved allotment of 1 (One) Zero % Fully Convertible Debentures of Rs. 2,55,00,000/- (Two Crore & Fifty Five Lacs) to D. B. Corp Ltd fully paid-up, aggregating to Rs. 2,55,00,000/- to D. B. Corp Ltd, on preferential basis.

The members of the Company will consider the same by way of Postal Ballot.

The Timbor Home Ltd stock was trading at Rs.28.85, up by Rs.0.75 or 2.67%. The stock hit an intraday high of Rs.28.90 and low of Rs.27.55.

The total traded quantity was 1200 compared to 2 week average of 5972.

Source : Equity Bulls

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