House of Pearl Board to consider advancing loan of Rs.27.5 crores to Pearl Global Ltd

House of Pearl Fashions Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 22, 2007 to consider the proposal of advancing short term loan of Rs 27.5 Crores to its Subsidiary Company i.e. Pearl Global Ltd.

The stock was trading at Rs.362.15, up by Rs.10.70 or 3.04%. The stock hit an intraday high of Rs.377 and low of Rs.353. The total traded quantity was 83612 compared to 2 week average of 24575.

Source : Equity Bulls

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