Prism Informatics Ltd to issue NCCPs

The Board of Directors of Prism Informatics Ltd at its meeting held on January 03, 2014, has considered the issuance of 6,30,000, 2% Non-Cumulative Compulsory Convertible Preference shares (NCCP's shares Series V) of Rs. 100/- each to Megh Leasing and Investments Limited against conversion of unsecured loan subject to approval of shareholders in the general meeting.

The Board also considered the issuance of 30,000, 2% Non-Cumulative Compulsory Convertible Preference shares (NCCP's shares Series V) of Rs. 100/- each against cash to Dr. Ramesh Subramaniam subject to approval of shareholders in the general meeting.

Shares of Prism Informatics Ltd was last trading BSE at Rs.12.10. The stock hit an intraday high of Rs.12.05 and intraday low of Rs.12.

The total traded quantity was 8047 shares as compared to 2 week average of 0.23 lakh shares.

Source : Equity Bulls

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