Sadbhav Engineering to consider issue of securities on Mar 27, 2009

Sadbhav Engineering Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 27, 2009, inter alia, to consider issue of Equity Shares / Warrants / any other securities on a rights basis to the existing shareholders of the Company pursuant to the SEBI (Disclosure and Investor Protection) Guidelines, 2000.

To approve the notice of the Extraordinary General Meeting to be convened for obtaining the consent of the shareholders for increase in the authorized share capital of the Company and the proposed rights issue.

The stock was trading at Rs.312, up by Rs.7.65 or 2.51%. The stock hit an intraday high of Rs.332 and low of Rs.300.

The total traded quantity was 2433 compared to 2 week average of 1541.

Source : Equity Bulls

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