TeleCanor Global to consider preferential issue on May 22, 2009

TeleCanor Global Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 22, 2009, inter alia, to consider issuing Equity shares on preferential basis to promoters and outsiders as per applicable DIP and other guidelines.

To consider issuing Equity share warrants to promoters and outsiders as per applicable DIP and other guidelines.

The stock was trading at Rs.18.35, up by Rs.0.86 or 4.92%. The stock hit an intraday high of Rs.18.36 and low of Rs.18.

The total traded quantity was 3328 compared to 2 week average of 11551.

Source : Equity Bulls

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