Ind Tra Deco to issue 6.4 crore shares

Ind Tra Deco Ltd has announced that the Board of Directors of the Company at its meeting held on August 31, 2009, inter alia, has decided to create, issue / offer and allot 6,40,00,000 (Six Crores Forty Lakhs) Equity Shares of Re. 1/- each for cash at par aggregating to Rs. 6,40,00,000 (Rupees Six Crores Forty Lakhs) to various entities including Promoter group Companies, on Preferential Allotment basis to the extent and in one or more tranches, 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.

The stock closed the day at Rs.0.39, down by Rs.0.01 or 2.50%. The stock hit an intraday high of Rs.0.42 and low of Rs.0.39.

The total traded quantity was 45239 compared to 2 week average of 114988.

Source : Equity Bulls

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