Automotive Stampings approves issue of securities

Automotive Stampings and Assemblies Ltd has announced that the Board of Directors of the Company at its meeting held on October 23, 2009, inter alia, has approved Rights Issue of Equity shares / securities / instruments convertible into equity shares, etc. to the Equity Shareholders of the Company, with the issue size not exceeding Rs. 30 Crores, in the ratio and at a price to be decided subsequently.

The stock closed the day at Rs.55.65, up by Rs.1.80 or 3.34%. The stock hit an intraday high of Rs.58.90 and low of Rs.55.40.

The total traded quantity was 1323 compared to 2 week average of 2030.

Source : Equity Bulls

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