Kanchan International to consider allotment of preference shares on Jun 12, 2009

Kanchan International Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 12, 2009, inter alia, to consider and allot the 13,50,000 6% Cumulative Preference Shares of Rs 10/- each at par to the Promoter.

The stock last traded on June 3, 2009 at Rs.8.76, up by Rs.0.40 or 4.78%. The stock hit an intraday high of Rs.8.77 and low of Rs.8.06.

The total traded quantity was 2130 compared to 2 week average of 1605.

Source : Equity Bulls

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