Indo Asia Finance Ltd approves preferential issue for Rs. 6 crores

The Board of Directors of Indo Asia Finance Ltd at its meeting held on December 01, 2014, inter alia, has approved the issue of equity shares on preferential basis for an aggregate amount of Rs.6 crores at a price determined as per SEBI Regulations on preferential allotment basis subject to the approval of the members of the company in forthcoming Annual General Meeting as required to be passed under the provisions of the Companies Act, 2013 as well as such other provisions of SEBI Regulations and such other approvals, consent, sanction etc. as may be required for this purpose.

The Board also appointed Scrutinizer for the purpose of e-voting for AGM.

Shares of INDO ASIAN FINANCE LTD. was last trading in BSE at Rs.6.5 as compared to the previous close of Rs. 6.5. The total number of shares traded during the day was 1550 in over 6 trades.

The stock hit an intraday high of Rs. 6.5 and intraday low of 6.18. The net turnover during the day was Rs. 9739.

Source : Equity Bulls

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