Noida Medicare to consider issue of securities

Noida Medicare Centre Ltd has announced that a meeting of the Board of Directors of the Company will be held April 30, 2007, inter alia, to consider the following:

1. Further issue of securities / warrants on preferential basis to promoters / friends and relatives in accordance with SEBI guidelines. The Company may also consider to issue shares on preferential basis to IDBI / SASF & IFCI Ltd as per their terms and conditions for settling the outstanding dues of the Company.

2. Consider the private placement of securities with qualified institutional.

3. Unaudited Financial Results for the quarter ended March 31, 2007.

The stock closed the day at Rs.11.11, down by Rs.0.55 or 4.72%. The stock hit an intraday high of Rs.11.50 and low of Rs.11.09. The total traded quantity was 2650 shares compared to 2 week average of 1312.

Source : Equity Bulls

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