McNally Bharat Engineering Company to consider issue of preference shares

A meeting of the Board of Directors of McNally Bharat Engineering Company Ltd will be held on December 04, 2012, to consider subject to requisite approval, issuance of Non-Convertible Redeemable Preference Shares on Preferential Basis/ Private Placement basis to non-promoters.

The McNally Bharat Engineering Company Ltd stock was trading at Rs.98.50, up by Rs.0.90 or 0.92%. The stock hit an intraday high of Rs.100.80 and low of Rs.97.25.

The total traded quantity was 0.41 lakhs compared to 2 week average of 0.20 lakhs.

Source : Equity Bulls

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