Nova Petrochemicals Board approves draft scheme for demerger

Nova Petrochemicals Ltd has announced that the Board of Directors of the Company at its meeting held on April 21, 2007, inter alia, has decided the Draft Scheme for the demerger was placed in the meeting and the said scheme has been approved.

The stock closed the day at Rs.17, down by Re.0.44 or 2.52%. The stock hit an intraday high of Rs.18 and low of Rs.17. The total traded quantity was 7511 shares compared to 2 week average of 15026.

Source : Equity Bulls

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