Anil Special Steel Industries approves preferential issue

Anil Special Steel Industries Ltd has announced that the Board of Directors of the Company at its meeting held on November 16, 2009, inter alia, has discussed, considered and approved the Issuance of Convertible shares Warrants of the Company to the promoters and others not exceeding Rs. 20 Crores (including share premium if any) in compliance with provisions of SEBI (ICDR) Regulations 2009.

The Board has considered and approved to increase the Authorized Capital not exceeding Rs. 28 Crores subject to approval of Shareholders and other Regulatory authorities (if any).

The stock was trading at Rs.11.75, up by Rs.0.30 or 2.62%. The stock hit an intraday high of Rs.13 and low of Rs.11.

The total traded quantity was 2745 compared to 2 week average of 4282.

Source : Equity Bulls

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