Bajaj Hindusthan to consider issue of securities on Apr 01, 2009

Bajaj Hindusthan Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 01, 2009, inter alia, to consider, discuss and approve issue of equity shares / convertible securities / warrants to the promoters on preferential allotment basis, subject to compliance with related provisions of law and other permissions, sanctions, approvals as may be required and convening an Extraordinary General Meeting of the shareholders of the Company for seeking requisite approval u/s 81 of the Companies Act, 1956 in that regard.

The stock was trading at Rs.45.25, up by Rs.0.45 or 1%. The stock hit an intraday high of Rs.47.20 and low of Rs.44.85.

The total traded quantity was 1193423 compared to 2 week average of 403827.

Source : Equity Bulls

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