Sat Industries approves preferential issue

The Board of Directors of Sat Industries Ltd at its meeting held on May 30, 2014, has decided to make preferential issue of 69,25,000 (sixty nine lakhs twenty five thousand only) equity shares and 40,00,000 (Forty lakhs only) Convertible warrants at a price and terms and conditions in accordance with the SEBI Guidelines and subject to all approvals, consents and sanctions etc. to promoters and non promoters.

Shares of SAT INDUSTRIES LTD. was last trading in BSE at Rs.1.77 as compared to the previous close of Rs. 1.96. The total number of shares traded during the day was 15253 in over 22 trades.

The stock hit an intraday high of Rs. 1.77 and intraday low of 1.77. The net turnover during the day was Rs. 26997.

Source : Equity Bulls

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