Jindal Saw to consider preferential issue on May 21, 2009

Jindal Saw Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 21, 2009, inter alia, to consider the proposal to issue securities convertible into equity shares on preferential basis to the Promoter(s) / Promoters Group Company(ies) under SEBI (DIP) Guidelines, 2000.

The stock was trading at Rs.307.50, up by Rs.0.30 or 0.10%. The stock hit an intraday high of Rs.317.40 and low of Rs.295.10.

The total traded quantity was 241055 compared to 2 week average of 421861.

Source : Equity Bulls

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