Tulsyan NEC approves allotment of 7360500 NCRPS

The Board of Directors of Tulsyan NEC Ltd at its meeting held on March 31, 2014, has approved the allotment of 7360500, 6% Non-Cumulative Redeemable Preference Shares of Rs. 10/- each at a premium of Rs. 90/- per share to SOETA DEPOSITS AND ADVANCES PVT LTD in terms of Special Resolution passed by the Shareholders of the Company at their meeting held on September 14, 2013.

Shares of TULSYAN NEC LTD. was last trading in BSE at Rs.19.4 as compared to the previous close of Rs. 18.55. The total number of shares traded during the day was 610 in over 10 trades.

The stock hit an intraday high of Rs. 19.45 and intraday low of 17.75. The net turnover during the day was Rs. 10994.

Source : Equity Bulls

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