Shilpi Cable Technologies to allot 50,41,000 shares on March 29, 2014

A meeting of the Board of Directors of Shilpi Cable Technologies Ltd will be held on March 29, 2014, to consider the allotment of 50,41,000 equity shares of Rs. 30/- each (including premium of Rs. 20/- each) on preferential basis.

The Board will also consider proposal to issue and approve allotment of non-convertible debentures of Rs. 25 Crores.

Shares of SHILPI CABLE TECHNOLOGIES LTD. was last trading in BSE at Rs.23.05 as compared to the previous close of Rs. 23.3. The total number of shares traded during the day was 22279 in over 191 trades.

The stock hit an intraday high of Rs. 23.55 and intraday low of 19. The net turnover during the day was Rs. 512361.

Source : Equity Bulls

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