Surana Industries to consider allotment of 7.4 lakhs shares

Surana Industries Ltd has announced that the Board of Directors of the Company at its meeting held on January 18, 2010, have decided that the Company will not proceed, at present, with the allotment of 7,40,000 Equity Shares of Rs. 10/- each at a premium of Rs. 490/- per equity shares, aggregating to Rs. 37 Crores, in the proposed Preferential Issue.

Source : Equity Bulls

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