Next Mediaworks Ltd to increase authorized share capital

The Board of Directors of Next Mediaworks Ltd at its meeting held on February 17, 2015, has considered the proposal to increase the Authorized Share Capital of the Company.

The Board also approved the alteration of Capital clause of the Memorandum and Article of Association of the Company.

The Board approved the enabling resolution for the purpose of raising funds of upto Rs. 30 crores by issue of securities.

The Board of Directors of the Company has approved Postal Ballot to be conducted in accordance with the provisions of Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration), Rules, 2014 for above mentioned resolutions for approval of the Members of the Company.

Shares of NEXT MEDIAWORKS LTD. was last trading in BSE at Rs.14.65 as compared to the previous close of Rs. 15. The total number of shares traded during the day was 52240 in over 413 trades.

The stock hit an intraday high of Rs. 15.2 and intraday low of 14.5. The net turnover during the day was Rs. 776792.

Source : Equity Bulls

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