Pacific Cotspin drops preferential issue proposal

The Board of Directors of Pacific Cotspin Ltd at its meeting held on March 23, 2012, has decided not to proceed with the Issue of Shares on Preferential basis to the promoters of the Company for the time being.

The Pacific Cotspin Ltd stock was trading at Rs.1.47, down by Rs.0.21 or 12.50%. The stock hit an intraday high of Rs.1.50 and low of Rs.1.43.

The total traded quantity was 512 compared to 2 week average of 59216.

Source : Equity Bulls

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