Maithan Alloys to consider redemption of preference shares

Maithan Alloys Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 30, 2008, to consider Redemption of 3,60,000 10% Cumulative Non Convertible Redeemable Preference Shares of Rs 100/- each at a premium of Rs 50/- per share and if approved by the Board the redemption will be made to holders appearing on July 07, 2008 in the Books of the Company in July 15, 2008.

The stock was trading at Rs.251.65, down by Rs.13.20 or 4.98%. The stock hit an intraday high of Rs.252.55 and low of Rs.251.65.

The total traded quantity was 1356 compared to 2 week average of 14897.

Source : Equity Bulls

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