Orosil Smiths India Ltd approves issue of preference shares

The Board of Director of Orosil Smiths India Ltd at its meeting held on January 18, 2014, have approved the issue of 3.5% Optionally Convertible / Non Convertible Cumulative Preference Shares on Preferential Basis in lieu of loan.

Shares of Orosil Smiths India Ltd was last trading in BSE at Rs.19, up by Rs.0.90 or 4.97%. The stock hit an intraday high of Rs.19 and intraday low of Rs.19.

The total traded quantity was 100 shares as compared to 2 week average of 2367 shares.

Source : Equity Bulls

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