Blue Blends India Ltd to issue preference shares upto Rs. 25 crores

The Board of Directors of Blue Blends India Ltd at its meeting held on April 23, 2015, has considered and approved the issue of Preference Shares upto to Rs. 25.00 crores subject to approval of shareholders. The amount raised will be utilised to redeem the existing outstanding Preference Shares.

The Board of Directors has authorised the Chairman of the Company to convene the 34th Annual General Meeting and to approve the notice thereof.

Shares of BLUE BLENDS (INDIA) LTD. was last trading in BSE at Rs.13.26 as compared to the previous close of Rs. 13.95. The total number of shares traded during the day was 700 in over 8 trades.

The stock hit an intraday high of Rs. 13.31 and intraday low of 13.26. The net turnover during the day was Rs. 9296.

Source : Equity Bulls

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