Genus Power redeems Preference Shares

Genus Power Infrastructures Ltd has announced that pursuant to the request made by the preference shareholder and the consequent decision of the Board of Directors of the Company, the Company has redeemed prematurely at par the 5,00,000 10% redeemable preference shares of Rs. 100/- each fully paid-up, under the provision of section 80(1) of the Companies Act, 1956. The said preference shares are redeemed out of the Preference Share Capital Redemption Reserve Account created out of profits of the Company.

The Stock closed the day at Rs.192, up by Rs.1.15 or 0.60%. The stock hit an intraday high of Rs.200 and low of Rs.190.50.

The total traded quantity was 157951 compared to 2 week average of 205072.

Source : Equity Bulls

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