Good Luck Steel Tubes Ltd to consider preferential issue on Dec 30, 2014

A meeting of the Board of Directors of Good Luck Steel Tubes Ltd will be held on December 30, 2014, inter-alia, to issue and allot warrants convertible into equal number of equity shares to promoters and other than promoters on preferential basis.

Pursuant to this, the Company has decided that the trading window will be closed for insiders covered under the Company's Code of Conduct for Prevention of Insider Trading. The closure of trading window will start from December 27, 2014 and will end 24 hours after the decision is made public on December 30, 2014.

Shares of GOODLUCK STEEL TUBES LTD. was last trading in BSE at Rs.70.25 as compared to the previous close of Rs. 67.9. The total number of shares traded during the day was 175546 in over 1376 trades.

The stock hit an intraday high of Rs. 71.4 and intraday low of 67.7. The net turnover during the day was Rs. 12167435.

Source : Equity Bulls

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