Hindustan Wires to redeem preference shares

The Board of Directors of Hindustan Wires Ltd at its meeting held on November 12, 2013, has decided to redeem its existing Preference Share Capital of Rs. 4.90 Cr. in terms of redemption of the Preference Capital by way of issue of fresh Preference Share Capital by private placement.

Shares of Hindustan Wires Ltd has been suspended due to penal reasons from stock exchanges.

Source : Equity Bulls

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