Steel Strips Wheels Ltd to consider raising Rs.22 crore on April 30, 2012

A meeting of the Board of Directors of Steel Strips Wheels Ltd will be held on April 30, 2012, to consider, issue and allot equity Shares of Rs. 10/- each, for an aggregate amount upto Rs. 22.00 Crores, by way of preferential allotment basis, under the SEBI (Issue of Capital and Disclosure Requirements) Regulations and its subsequent amendments made from time to time and other applicable rules, regulations and guidelines and subject to the approval of Shareholders, Statutory Authorities /Regulatory authorities or any other approval as may be required.

The Steel Strips Wheels Ltd stock was trading at Rs.218.50, up by Rs.5.35 or 2.51%. The stock hit an intraday high of Rs.219.90 and low of Rs.213.

The total traded quantity was 9743 compared to 2 week average of 6103.

Source : Equity Bulls

Keywords