Sujana Metal to consider preferential issue, GDR issue on July 07, 2009

Sujana Metal Products Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 07, 2009, inter alia, to consider the proposal for issue of Equity Shares and Convertible Warrants to the Promoters of the Company and others by way of Preferential Allotment.

The Board will also consider the proposal for issue of Global Depository Receipts (GDRs) to the extent of USD 20 Million (approximately).

The stock was trading at Rs.10.47, down by Rs.0.02 or 0.19%. The stock hit an intraday high of Rs.10.98 and low of Rs.10.26.

The total traded quantity was 43888 compared to 2 week average of 176875.

Source : Equity Bulls

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