HMT to consider issue of preference shares

HMT Ltd has received letter from the Minsitry dated September 20, 2013 for release of funds to an extent of Rs. 217 crore into the 2 years 8% redeemable Preference Share Capital issue of the company for an aggregate face value of Rs. 425 crore.

The Board of Directors will consider issue of 2 years Redeemable Preference Shares of the face value of Rs. 217,00,00,000 in favour of President of India.

Shares of HMT Ltd was last trading in BSE at Rs.25.05, down by Rs.0.10 or 0.40%. The stock hit an intraday high of Rs.25.90 and low of Rs.24.90.

The total traded quantity was 0.38 lakhs as compared to 2 week average of 0.26 lakhs.

Source : Equity Bulls

Keywords