Max India to consider issue of shares to IFC on May 15, 2009

Max India Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 15, 2009, for consideration of a proposal for issue of equity shares of the Company, to International Finance Corporation, USA., for an amount not exceeding Rs 150 crores, on preferential allotment basis.

The Max India stock closed the day at Rs.144.30, down by Rs.2.15 or 1.47%. The stock hit an intraday high of Rs.149 and low of Rs.142.05.

The total traded quantity was 31058 compared to 2 week average of 60622.

Source : Equity Bulls

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