Lesha Energy to issue FCDs worth Rs 30 crore

Lesha Energy Resources Ltd has announced that the Board of Directors of the Company at its meeting held on May 23, 2009, inter alia, has approved the issue of Optionally Fully Convertible Unsecured Debentures to non-promoters' on preferential basis to the tune of Rs 30 Crores.

To convene an Extra Ordinary General Meeting of the members of the Company on June 18, 2009 for seeking their approval to the above and to pass such other resolutions as may be required to give effect to the same.

The stock was trading at Rs.19.35, up by Rs.0.92 or 4.99%. The stock hit an intraday high of Rs.19.35 and low of Rs.18.30.

The total traded quantity was 8096 compared to 2 week average of 6413.

Source : Equity Bulls

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