Premco Global Ltd to consider preferential issue on Nov 30, 2013

A meeting of the Board of Directors of Premco Global Ltd will be held on November 30, 2013, to consider and approve the increase in Authorised Share Capital of the Company and consider issue of further equity shares on preferential basis to the promoters of the Company.

The Board will consider revision in Remuneration to Managing Director and Executive Directors of the Company and consider borrowing powers in excess of its Paid Up Capital plus Free Reserves.

The Board will consider convening of Extra Ordinary General Meeting of Members of the Company.

Shares of Premco Global Ltd was last trading in BSE at Rs.33.50, up by Rs.0.80 or 2.45%. The stock hit an intraday high of Rs.33.50 and low of Rs.31.55.

The total traded quantity was 610 as compared to 2 week average of 3844.

Source : Equity Bulls

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