Twentyfirst Century Management Services approves 10 lakh preference shares

Twentyfirst Century Management Services Ltd has announced that the Board of Directors of the Company at its meeting held on March 27, 2009, inter alia, have noted the approval of the Special Resolution for the 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) by the shareholders at the EGM held on March 23, 2009.

Further the Board has approved the applications received and it is decided that the Board will meet again on March 30, 2009 to allot the Redeemable Preference shares as mentioned above.

The stock closed the day at Rs.7.13, down by Rs.0.17 or 2.33%. The stock hit an intraday high of Rs.7.54 and low of Rs.7.

The total traded quantity was 7174 compared to 2 week average of 9924.

Source : Equity Bulls

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