Shreyas Intermediates to allot preference shares at Rs 20

Shreyas Intermediates Ltd has announced that the Board of Directors of the Company at its meeting held on July 10, 2009, inter alia, have passed Resolution for allotment of 10% 30,00,000 Cumulative Preference Shares of Rs 10/- each at a premium of Rs 10/- per Share (Issue Price of Rs 20/- per Preference Share) to one Shareholder viz. Shivalik International, a Promoter Group Firm, with immediate effect.

The stock was trading at Rs.14.50, down by Rs.0.75 or 4.92%. The stock hit an intraday high of Rs.15 and low of Rs.14.50.

The total traded quantity was 550 compared to 2 week average of 14739.

Source : Equity Bulls

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