GV Films to consider redemption of FCCBs on Mar 10, 2009

GV Films Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 10, 2009, inter alia, to consider and decide the request received from the FCCBs Holders I ((i.e. USD 4.5 Million 2.25% Coupon Convertible Bonds due 2011) for redemption of the Bonds before the date of maturity.

The stock closed the day at Rs.0.91, down by Rs.0.04 or 4.21%. The stock hit an intraday high of Rs.0.97 and low of Rs.0.89.

The total traded quantity was 1080685 compared to 2 week average of 781606.

Source : Equity Bulls

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