Ucal Fuel to consider preferential issue on Sep 29, 2009

Ucal Fuel Systems Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 29, 2009, inter alia, to consider and approve, the allotment of 8217625 Equity shares of Rs. 10/- each at a premium of Rs. 26.35 per share on a Preferential basis to the Promoters / Persons acting in concert group.

The stock closed the day at Rs.57.75, up by Rs.3.05 or 5.58%. The stock hit an intraday high of Rs.59 and low of Rs.54.50.

The total traded quantity was 16633 compared to 2 week average of 7969.

Source : Equity Bulls

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