Facor Steels approves allotment of 1000000 RCPS

The Board of Directors of Facor Steels Ltd at its meeting held on March 17, 2012, after the conclusion of the EGM have approved the allotment and issue of share certificate in respect of 10,00,000 5% Redeemable Cumulative Preference Shares of Rs. 100/- each, to the promoter group entities.

The Facor Steels Ltd stock was trading at Rs.1.18, up by Rs.0.01 or 0.85%. The stock hit an intraday high of Rs.1.20 and low of Rs.1.14.

The total traded quantity was 0.27 lakhs compared to 2 week average of 0.41 lakhs.

Source : Equity Bulls

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