Birla Precision Technologies withdraws issue of convertible warrants to Promoters on preferential basis

Pursuant to the unwillingness of Promoters, namely M/s. Asian Distributors Pvt. Ltd. and M/s. Birla Bombay Pvt. Ltd. to subscribe to the proposed issue of convertible warrants to Promoters on preferential basis, the Board has, by circular resolution dated March 26, 2014 decided to withdraw the proposed issue of convertible warrants to above Promoters on preferential basis.

Shares of BIRLA PRECISION TECHNOLOGIES LTD. was last trading in BSE at Rs.2.14 as compared to the previous close of Rs. 2.14. The total number of shares traded during the day was 11634 in over 56 trades.

The stock hit an intraday high of Rs. 2.34 and intraday low of 2.07. The net turnover during the day was Rs. 24297.

Source : Equity Bulls

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