Ceat Ltd to consider issue of securities

A meeting of the Board of Directors of Ceat Ltd will be held on August 26, 2014, for considering further issue of securities through issuance of equity shares or debentures or equity linked securities and/or any instrument convertible into equity shares by way of private or public offerings, including qualified institutes placement and/or on a preferential allotment basis.

For the above purpose, the Trading Window shall, pursuant to the Code of Conduct for Prevention of Insider Trading under the SEBI (Prohibition of Insider Trading) Regulations, 1992, remain closed from August 22, 2014 to August 27, 2014 (both days inclusive) and shall re-open on August 28, 2014.

Accordingly, the Promoters, Directors, Designated Employees and all persons covered under the Code have been advised not to deal in the securities of the Company from August 22, 2014 to August 27, 2014 (both days inclusive).

Shares of CEAT LTD. was last trading in BSE at Rs.583.5 as compared to the previous close of Rs. 576.85. The total number of shares traded during the day was 173001 in over 9130 trades.

The stock hit an intraday high of Rs. 589.95 and intraday low of 571.8. The net turnover during the day was Rs. 100687263.

Source : Equity Bulls

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