Cairn India to consider preferential issue

Cairn India Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 17, 2008, to consider a preferential issue of Equity Shares.

The stock was trading at Rs.220, down by Rs.8.40 or 3.68%. The stock hit an intraday high of Rs.223.60 and low of Rs.214.

The total traded quantity was 621355 compared to 2 week average of 2022240.

Source : Equity Bulls

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