MVL allots 100000 FCDs

MVL Ltd has announced that the Board of Directors of the Company at its meeting held on April 30, 2009, has approved the proposal of allotment of 1,00,000 Zero Coupon Unsecured Fully Convertible Debentures of Rs 100/- each to M/s. Writers & Publishers Pvt. Ltd, having its Registered Office at "Bhaskar House", Plot No. 280, Near YMCA Club, Makkarba 5G Highway, Ahmedabad (Gujarat) - 380051 on preferential basis.

The Stock closed on April 29, 2009 day at Rs.86, up by Rs.3 or 3.61%. The stock hit an intraday high of Rs.86.80 and low of Rs.82.50.

The total traded quantity was 7563 compared to 2 week average of 10251.

Source : Equity Bulls

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