Maxwell Industries equity shareholders approve Scheme of Amalgamation

Maxwell Industries Ltd has announced that the equity shareholders of the Company at its Court Convened Meeting held on March 16, 2007, have approved by way of special resolutions the Scheme of Amalgamation between Microtex India Ltd with the Company.

Shares of the company were trading up by Rs.3.40 or 9.93% at Rs.37.65. The stock was locked in the upper limit of circuit filter with pending buy orders for 4302 shares. The total traded quantity was 130857 shares compared to 2 week average of 91781.

Source : Equity Bulls

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