Ushdev International defers decision on preferential issue

Ushdev International Ltd has announced that the Company at its Board Meeting held on December 17, 2009 has decided to issue equity shares on preferential basis to promoters and investors.

Further the Company has informed that the Company has decided not to proceed with the convening of Extra Ordinary General Meeting. The issue of equity shares on preferential basis has been deferred and shall be considered in the next Board Meeting likely to be held in the 4th week of January, 2010.

The stock closed the day at Rs.257.40, up by Rs.29.55 or 12.97%. The stock hit an intraday high of Rs.269 and low of Rs.218.

The total traded quantity was 46155 compared to 2 week average of 51478.

Source : Equity Bulls

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