TANFAC Industries Ltd allots NCRCPS

The Board of Directors of TANFAC Industries Ltd at its meeting held on March 24, 2015, has approved the allotment of 5,00,000 - 11% Non-Convertible Redeemable Cumulative Preference Shares of face value of Rs. 100/- each for cash AT PAR to M/s. Aditya Birla Chemicals (India) Limited on private placement basis.

The Board also approved the appointment of Smt. R. Rajalakshmi as Director of the Company as per Section 149(1) of The Companies Act, 2013, with effect from March 24, 2015.

Shares of TANFAC INDUSTRIES LTD. was last trading in BSE at Rs.13.8 as compared to the previous close of Rs. 14.15. The total number of shares traded during the day was 14780 in over 27 trades.

The stock hit an intraday high of Rs. 14.5 and intraday low of 13.5. The net turnover during the day was Rs. 206700.

Source : Equity Bulls

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