Odyssey Corporation approves preferential issue

Odyssey Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on January 27, 2010, inter alia, has considered and approved the Preferential Issue upto 1,50,00,000 Shares / Warrants to the interested investors of the Company.

The Board approved proposal to increase the Authorised Capital from Rs. 50,000,000/- to 200,000,000/- of the Company.

The Board of Directors of the Company wishes to call the Extra Ordinary General Meeting of the members of the Company on February 27, 2010.

The Board will also amend the articles to insert a new clause regarding the Share Warrant.

The stock was trading at Rs.35.50, down by Rs.1.20 or 3.27%. The stock hit an intraday high of Rs.36.10 and low of Rs.35.50.

The total traded quantity was 1195 compared to 2 week average of 25737.

Source : Equity Bulls

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