Patel Engineering Board to consider preferential issue on Jan 29, 2014

A meeting of the Board of Directors of Patel Engineering Ltd will be held on January 29, 2014, to consider issue of securities to the Promoters of the Company on Preferential basis, subject to necessary approvals as may be required for the same.

Shares of Patel Engineering Ltd was last trading in BSE at Rs.49.85, up by Rs.0.05 or 0.10%. The stock hit an intraday high of Rs.52 and intraday low of Rs.49.05.

The total traded quantity was 0.76 lakh shares as compared to 2 week average of 1.01 lakh shares.

Source : Equity Bulls

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