Sundaram Brake Linings Board to consider Right Issue

Sundaram Brake Linings Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 05, 2009, inter alia, to consider a proposal for issue of Rights Shares to the existing shareholders of the Company.

The stock closed the day at Rs.109.85, up by Rs.1.85 or 1.71%. The stock hit an intraday high of Rs.109.95 and low of Rs.105.10.

The total traded quantity was 77 compared to 2 week average of 181.

Source : Equity Bulls

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