Liberty Phosphate to allot CRPS

Liberty Phosphate Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 30, 2007, to consider and take on record the Unaudited Financial results for the quarter ended on March 31, 2007 and also to consider allotment of 50,00,000 8% Cumulative Redeemable Preference Shares of Rs 10/- each for cash at par to be allotted on private placement basis.

Further the Company has informed that, these 8% Cumulative Redeemable Preference Shares are not be listed on any Stock Exchange.

The stock was trading at Rs.17.25, up by Re.0.35 or 2.07%. The stock hit an intraday high of Rs.19.30 and low of Rs.16.60. The total traded quantity was 2768 shares compared to 2 week average of 3146.

Source : Equity Bulls

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