Rajkumar Forge to redeem preference shares

Rajkumar Forge Ltd has announced that the Board of Directors of the Company have in its meeting held on May 24, 2008, resolved to redeem 5,00,000 4% Non-cumulative Redeemable Preference shares of Rs 10 each fully paid-up.

Accordingly, Company is redeeming 2,00,000 4% Non-Cumulative Redeemable Preference shares of the Company on September 30, 2008. The pro-rata dividend on these shares up the date of redemption will be paid on and from October 22, 2008.

The stock was trading at Rs.12.65, down by Rs.0.66 or 4.96%. The stock hit an intraday high of Rs.12.65 and low of Rs.12.65.

The total traded quantity was 400 compared to 2 week average of 422.

Source : Equity Bulls

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