PAE to issue preference shares

The Board of Directors of PAE Ltd at its meeting held on October 30, 2013, has set the date for issue of 50,00,000 11% cumulative preference shares and redemption of 50,00,000 8% Non cumulative preference shares on November 30, 2013, not less than 21 days notice shall be given of the redemption amount of Non cumulative preference shares.

Shares of PAE Ltd was last trading in BSE at Rs.5.04, up by Rs.0.24 or 5%. The stock hit an intraday high of Rs.5.04 and low of Rs.5.04.

The total traded quantity was 250 as compared to 2 week average of 262.

Source : Equity Bulls

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