Ind Tra Deco approves preferential issue

Ind Tra Deco Ltd has announced that the Board of Directors of the Company at its meeting held on June 08, 2009, inter alia, has decided to make a Preferential Allotment of Equity shares and / or warrants in one or more tranches, to the various entities, subject to necessary permissions, sanctions, approvals and applicable SEBI Guidelines and other provisions of law, to generate long term resources for implementing future growth plans and to strengthen the Company's financial position.

To seek the approval of shareholders for issue of securities as above, through Postal Ballot.

The stock closed the day at Rs.0.46, up by Rs.0.02 or 4.55%. The stock hit an intraday high of Rs.0.46 and low of Rs.0.46.

The total traded quantity was 14500 compared to 2 week average of 34376.

Source : Equity Bulls

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