Trinetra Cement Allots 60500000 preference shares

The Board of Directors of Trinetra Cement Ltd at its meeting held on February 06, 2012, allotted 605,00,000 - 9% Non-Convertible Non-Cumulative Redeemable Preference Shares of RS. 100/- each fully paid-up, at par, amounting to Rs. 605 crores in favour of The India Cements Limited, the holding Company, on private placement basis.

Consequently, the Paid-up Share Capital of our Company has gone up from RS. 14.48 crores to RS.619.48 crores.

The Trinetra Cement Ltd stock closed the day at Rs.16, down by Rs.0.53 or 3.21%. The stock hit an intraday high of Rs.16 and low of Rs.15.71.

The total traded quantity was 200 compared to 2 week average of 133.

Source : Equity Bulls

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