Nagarjuna Fertilizers to issue 2,25,00,000 shares on preferential basis

Nagarjuna Fertilizers & Chemicals Ltd has announced that a proposal to issue 2,25,00,000 equity shares of Rs 10/- each under the Securities and Exchange Board of India, Guidelines for Preferential Issue shall be considered by the Board of Directors of the Company to be held on April 27, 2007.

The stock closed the day at Rs.14.89, down by Re.0.07 or 0.47%. The stock hit an intraday high of Rs.15.20 and low of Rs.14.60. The total traded quantity was 611754 shares compared to 2 week average of 816010.

Source : Equity Bulls

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