Precision Wires Board to consider conversion of FCDs

Precision Wires India Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 23, 2007, inter alia, to consider, approve & allot, the conversion of 11,00,000, 13% Fully Convertible Debentures - FCDs into One Equity Share of Face value of Rs 10/- each aggregating to 11,00,000 Fully Paid up Equity Share of Face value of Rs 10/- each.

The stock closed the day at Rs.145.05, down by Rs.3.80 or 2.55%. The stock hit an intraday high of Rs.154 and low of Rs.145.05. The total traded quantity was 2802 compared to 2 week average of 7886.

Source : Equity Bulls

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