Zenith Birla India Ltd withdraws Proposed Issue of Convertible warrants to Promoters on preferential basis

Pursuant to the unwillingness of Promoters, namely M/s. Asian Distributors Pvt. Ltd and M/s. Birla Bombay Pvt. Ltd. to subscribe to the proposed issue of convertible warrants to Promoters on preferential basis, the Board of Zenith Birla (India) Ltd has, by circular resolution dated November 19, 2014, decided to withdraw the proposed issue of convertible warrants to the above promoters on preferential basis.

Shares of ZENITH BIRLA (INDIA) LTD. was last trading in BSE at Rs.1.13 as compared to the previous close of Rs. 1.12. The total number of shares traded during the day was 6793 in over 559 trades.

The stock hit an intraday high of Rs. 1.15 and intraday low of 1.05. The net turnover during the day was Rs. 7604.

Source : Equity Bulls

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