Vijay Textiles allots 50,00,000 NCCRPS

The Board of Directors of Vijay Textiles Ltd at its meeting held on March 24, 2012, has considered and approved the allottment of 50,00,000 Lakhs 10% Non-Convertible Cumulative Redeemable Preference Shares of Rs. 100/- each to Shri Vijay Kumar Gupta Promoter of the Company.

The Board also approved appointment of Shri R. Malhotra as a Finance Director inducted on the Board as a Whole-time Director with effect from April 01, 2012 to March 31, 2017 for a period of 5 years.

The Vijay Textiles Ltd stock was trading at Rs.27.20, down by Rs.1.40 or 4.90%. The stock hit an intraday high of Rs.27.20 and low of Rs.27.20.

The total traded quantity was 1630 compared to 2 week average of 6584.

Source : Equity Bulls

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