H S India to consider allotment of shares to IFCI on May 27, 2009

H S India Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 27, 2009, to allot 3 lakhs equity shares of the Company to IFCI Ltd on conversion of 3000, 12.5% OFCDs of Rs 1000/- each.

The stock was trading at Rs.9.25, up by Rs.0.07 or 0.76%. The stock hit an intraday high of Rs.10.05 and low of Rs.9.10.

The total traded quantity was 3436 compared to 2 week average of 12299.

Source : Equity Bulls

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