Anant Raj Industries to consider preferential issue on May 29, 2009

Anant Raj Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 29, 2009, inter alia, to consider, the raising of funds through issue of securities on preferential basis to the Qualified Institutional Buyers (QIB) in terms of SEBI Guidelines or through ADR / GDR / FCCB or such other means.

The Board will also consider issue of convertible warrants on preferential basis, to the promoter group, in terms of SEBI Guidelines.

To consider the appointment of Shri. Brajinder Mohan Singh as additional Director of the Company.

The stock was trading at Rs.115.65, up by Rs.5.50 or 4.99%. The stock hit an intraday high of Rs.115.65 and low of Rs.114.90.

The total traded quantity was 56436 compared to 2 week average of 120248.

Source : Equity Bulls

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