Mahalaxmi Rubtech to consider FCD issue on May 08, 2009

Mahalaxmi Rubtech Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 08, 2009, inter alia, to consider the Issue of Fully Convertible Debentures (FCD) on preferential basis.

To discuss and review the expansion plan and business activities of the Company.

The Stock closed on April 29, 2009 day at Rs.21.80, down by Rs.0.55 or 2.46%. The stock hit an intraday high of Rs.21.80 and low of Rs.20.15.

The total traded quantity was 680 compared to 2 week average of 833.

Source : Equity Bulls

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