Twentyfirst Century approves preferential issue

Twentyfirst Century Management Services Ltd has announced that the Board of Directors of the Company at its meeting held on February 06, 2008, has considered the Preferential issue of Warrants / shares which was earlier deferred at the EGM held on February 06, 2008 and approved the Preferential issue of 11,00,000 Warrants convertible into equity shares of Rs 10/- each to Promoter group and 1,00,000 Equity shares of Rs 10/- each to Individual at a price to be calculated in accordance with SEBI Guidelines.

The Extra-Ordinary General Meeting is scheduled to be held on March 10, 2008 for obtaining the approval of the shareholders for the proposed preferential issue.

The stock was trading at Rs.77.50, down by Rs.1.90 or 2.39%. The stock hit an intraday high of Rs.78.50 and low of Rs.75.45.

The total traded quantity was 14437 compared to 2 week average of 38429.

Source : Equity Bulls

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