Twentyfirst Century Management Services to issue 10 lakh preference shares

Twentyfirst Century Management Services Ltd has announced that the Board of Directors of the Company at its meeting held on February 28, 2009, has decided to issue 10,00,000 - 12% Redeemable Non-Convertible Preference Shares of Rs 100 each at par on Private Placement and / or Preferential basis to Promoters and their Group Associates, Relatives and Persons acting in concert (PAC).

To Convene EGM on March 23, 2009 for the approval of shareholders for the issue of Redeemable Preference shares as mentioned above and other Company law matters.

The Stock closed on Friday at Rs.6.40, down by Rs.0.10 or 1.54%. The stock hit an intraday high of Rs.6.70 and low of Rs.6.37.

The total traded quantity was 28165 compared to 2 week average of 6891.

Source : Equity Bulls

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