Cosmo Ferrites Ltd to raise Rs. 2 crores through NCCRPS

The Board of Directors of Cosmo Ferrites Ltd has taken decision vide resolutions dated December 24, 2013 to issue Non-Convertible 10% Cumulative Redeemable Preference Shares of face value of Rs. 100/- (Rupees Hundred only), up to a sum of Rs. 2,00,00,000/- (Rupees Two Crores) on Private Placement basis.

An Extra-Ordinary General Meeting of the Company to be held on January 27, 2014 at 3.00 P.M. at the Registered Office of the Company.

Shares of Cosmo Ferrites Ltd was last trading BSE at Rs.5.52, up by Rs.0.01 or 0.18%. The stock hit an intraday high of Rs.5.40 and intraday low of Rs.5.40.

The total traded quantity was 174 shares as compared to 2 week average of 599 shares.

Source : Equity Bulls

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