Expo Gas Containers receives approval for reduction of Paid up capital

Expo Gas Containers Ltd has announced that the Company has received the approval of the Hon'ble High Court, Mumbai approving the reduction of the paid up Share Capital of the Company from Rs 7,78,64,000 divided into 77,86,400 Equity Shares of Rs 10 each fully paid up to Rs 3,11,45,600/- divided into 77,86,400 equity shares of Rs 4/- each fully paid up by canceling the capital to the extent of Rs 6/- per Equity share thereby the amount of the Share Capital reduced would be Rs 4,67,18,400/-.

The stock closed the day at Rs.12.90, up by Rs.0.51 or 4.12%. The stock hit an intraday high of Rs.13.62 and low of Rs.12.60.

The total traded quantity was 56936 compared to 2 week average of 20755.

Source : Equity Bulls

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