Bombay Rayon Fashions Ltd to consider preferential issue on Mar 30, 2016

A meeting of the Board of Directors of Bombay Rayon Fashions Ltd will be held on March 30, 2016, to consider issue or allotment of equity shares on Preferential basis to the lenders of the Company by conversion of debt into equity shares under CDR package and to fix the date, time and venue of the Extra Ordinary General meeting of the members of the Company for seeking approval of members for the said preferential issue of equity shares.

Further in terms of the Company's Code of Conduct for Prevention of Insider Trading, the Trading Window for dealing in the securities of the Company shall remain closed for all the Directors & Designated Persons (as defined in the Code) from March 23, 2016 to March 31, 2016.

Shares of BOMBAY RAYON FASHIONS LTD. was last trading in BSE at Rs.138.4 as compared to the previous close of Rs. 145.8. The total number of shares traded during the day was 86049 in over 301 trades.

The stock hit an intraday high of Rs. 142.2 and intraday low of 135. The net turnover during the day was Rs. 11979785.

Source : Equity Bulls

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