Gujarat Borosil allots 9000000 NCRPS

The 'Allotment Committee of Preference Shares' of the Directors of Gujarat Borosil Ltd, at the meeting held on March 17, 2012, issued and allotted 90,00,000 9%- Cumulative Non-Convertible Redeemable Preference Shares of Rs. 100/- each for a total consideration of Rs. 90 Crores to Borosil Glass Works Limited, a promoter Company.

The Gujarat Borosil Ltd stock was trading at Rs.6.84, up by Rs.0.14 or 2.09%. The stock hit an intraday high of Rs.6.90 and low of Rs.6.26.

The total traded quantity was 1600 compared to 2 week average of 17896.

Source : Equity Bulls

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