Sujana Towers Ltd approves preferential issue to Promoters at Rs. 27.50

The Board of Directors of Sujana Towers Ltd at its meeting held on July 14, 2014, has considered and approved the resolution under Section 62(1) of the Companies Act, 2013, to issue 1,09,26,052 (One Crore Nine Lakhs Twenty Six Thousand and Fifty Two only) equity shares of Rs. 10/- each at an issue price of Rs. 27.50/- per share (includes premium of Rs. 17.50/- per share) to Promoters, in compliance with the terms and conditions of CDR package, subject to the approval of the members of the Company.

The draft notice of the Postal Ballot to obtain approval from the members of the Company in respect of resolution for further issue of shares to Promoters.

Shares of SUJANA TOWERS LTD. was last trading in BSE at Rs.19.65 as compared to the previous close of Rs. 18.75. The total number of shares traded during the day was 67295 in over 243 trades.

The stock hit an intraday high of Rs. 19.65 and intraday low of 19.4. The net turnover during the day was Rs. 1320751.

Source : Equity Bulls

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