Shiva Cement Ltd cancels approval for preferential issue

The Board of Directors of Shiva Cement Ltd at its meeting held on November 14, 2015, has approved the preferential issue of 8 Mill. Equity Share Warrants to persons other than promoter & promoter group at a price of Rs.6/- per warrant convertible into Equity Shares of Rs.2/- each at a premium of Rs.4/- per share. The earlier approval of the Board for preferential issue stands cancelled.

Shares of SHIVA CEMENT LTD. was last trading in BSE at Rs.4.13 as compared to the previous close of Rs. 4.37. The total number of shares traded during the day was 174594 in over 207 trades.

The stock hit an intraday high of Rs. 4.35 and intraday low of 4.05. The net turnover during the day was Rs. 727599.

Source : Equity Bulls

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