C Mahendra Exports Ltd approves conversion of CRPS

The Board of Directors of the Company at its meeting held on May 04, 2015, has considered and approved the conversion of 1,25,00,000 6% Redeemable Preference Shares of Face value of Rs. 10 Each issued at premium of Rs. 90 into equity share capital of the Company at a price as per Regulation 76(1) of ICDR, 2009 subject to the approval of Members of the Company and other regulatory approvals applicable.

Shares of C. MAHENDRA EXPORTS LTD. was last trading in BSE at Rs.8.7 as compared to the previous close of Rs. 8.57. The total number of shares traded during the day was 392280 in over 1388 trades.

The stock hit an intraday high of Rs. 9.32 and intraday low of 8.6. The net turnover during the day was Rs. 3520867.

Source : Equity Bulls

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