Lesha Energy to consider preferential issue

Lesha Energy Resources Ltd has announced that the Board of Directors of the Company at its meeting held on December 14, 2009, inter alia, approved, the issue of equity shares to non-promoters' on preferential basis to the tune of Rs. 5 Crores.

The Board approved proposal to convene an Extra Ordinary General Meeting of the members of the Company on January 16, 2010 for seeking their approval to the above and to pass such other resolutions as may be required to give effect to the same.

The stock closed the day at Rs.76.50, down by Rs.2.05 or 2.61%. The stock hit an intraday high of Rs.79.85 and low of Rs.76.

The total traded quantity was 3185 compared to 2 week average of 3620.

Source : Equity Bulls

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