DCW Ltd to issue 71 lakh shares on preferential basis

The Board of Directors of DCW Ltd at its meeting held on June 18, 2014, have decided to issue upto 71,00,000 equity shares on preferential basis of Rs. 2 each of the Company in one or more tranches, at the price to be fixed as per the Guidelines for preferential issues under SEBI (Issue of Capital & Disclosure Requirements Regulations, 2009) to the promoter group, subject to approval of shareholders in the forthcoming Annual General Meeting.

The Board approved proposal to hold the Annual General Meeting of the Company on August 13, 2014.

Shares of DCW LTD. was last trading in BSE at Rs.23.15 as compared to the previous close of Rs. 23.85. The total number of shares traded during the day was 1220269 in over 7413 trades.

The stock hit an intraday high of Rs. 24.6 and intraday low of 22.65. The net turnover during the day was Rs. 28785916.

Source : Equity Bulls

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