Arrow Coated Products to consider preferential issue on Sep 04, 2009

Arrow Coated Products Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 04, 2009, inter alia to consider comprehensive financing plan for raising long term capital funds by way of various options including preferential / rights / FCCB issuance.

The stock was trading at Rs.9.65, up by Rs.0.45 or 4.89%. The stock hit an intraday high of Rs.9.65 and low of Rs.9.31.

The total traded quantity was 863 compared to 2 week average of 920.

Source : Equity Bulls

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