Facor Steels to consider issue of preference shares on Mar 17, 2012

A meeting of the Board of Directors of Facor Steels Ltd will be held on March 17, 2012, to approve the allotment of 10,00,000 5%.Redeemable Cumulative Preference Shares to Promoters Group Entities and to file the necessary returns with ROC and to complete necessary formalities in this connection.

The Facor Steels Ltd stock was trading at Rs.1.23, up by Rs.0.03 or 2.50%. The stock hit an intraday high of Rs.1.26 and low of Rs.1.23.

The total traded quantity was 3900 compared to 2 week average of 63142.

Source : Equity Bulls

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