Bhushan Steel increases paid-up capital

Bhushan Steel Ltd has announced that the Board of Directors of the Company at its meeting held on January 29, 2010, inter alia, has considered and approved the allotment of Redeemable Cumulative Preference Shares having no voting rights, and consequent upon this allotment the paid-up capital of the Company has been increased by Rs. 1500 Lacs.

The stock closed the day at Rs.1436.20, up by Rs.27.60 or 1.96%. The stock hit an intraday high of Rs.1450 and low of Rs.1351.20.

The total traded quantity was 94470 compared to 2 week average of 112489.

Source : Equity Bulls

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