Hindustan Motors Ltd to consider allotment of shares, NCDs to lenders

A meeting of the Board of Directors of Hindustan Motors Ltd will be held on September 29, 2014, to consider allotment of Equity Shares and Non-Convertible Debentures to the lenders (Banks and Financial Institutions) on preferential basis as per Corporate Debt Restructuring Empowered Group approval at its meeting held on June 28, 2014.

As per the Company's Code of Conduct for Prohibition of Insider Trading, the Trading Window for dealing in the securities of the Company will remain closed for al directors / officers / designated employees of the Company till October 04, 2014 instead of September 30, 2014 as informed earlier vide letter dated September 17, 2014.

Shares of HINDUSTAN MOTORS LTD. was last trading in BSE at Rs.8.91 as compared to the previous close of Rs. 8.52. The total number of shares traded during the day was 443207 in over 1959 trades.

The stock hit an intraday high of Rs. 9.05 and intraday low of 8. The net turnover during the day was Rs. 3872480.

Source : Equity Bulls

Keywords