Murli Industries approves buy back of oustanding FCCBs

Murli Industries Ltd has announced that the Board of Directors of the Company at its meeting held on December 24, 2009, has Considered and approved the proposal of buy back of outstanding FCCB, i.e. USD 14.5 Million, fully or partially at a discount on or before the stipulated time given by the RBI to do so.

The stock was trading at Rs.231.10, down by Rs.2.30 or 0.99%. The stock hit an intraday high of Rs.236 and low of Rs.230.

The total traded quantity was 1415 compared to 2 week average of 2220.

Source : Equity Bulls

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