Bombay Rayon to consider preferential issue on Mar 24, 2009

Bombay Rayon Fashions Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 24, 2009, inter alia, to consider issue of further equity shares on preferential allotment basis. The proposed further issue of Equity Shares shall be in accordance with the SEBI Guidelines for Preferential Issues.

The stock closed the day at Rs.144.55, up by Rs.8 or 5.86%. The stock hit an intraday high of Rs.146 and low of Rs.134.

The total traded quantity was 816111 compared to 2 week average of 660975.

Source : Equity Bulls

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