MCS to consider allotment of 350000 shares on Feb 08, 2010

MCS Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 08, 2010, inter alia, to consider and allot 3,50,000 equity shares of Rs. 10/- each at Rs. 15.60 per share on Preferential Basis to Gagan Merchants Pvt. Ltd.

The stock was trading at Rs.18.50, up by Rs.0.40 or 2.21%. The stock hit an intraday high of Rs.19.95 and low of Rs.17.50.

The total traded quantity was 9016 compared to 2 week average of 4401.

Source : Equity Bulls

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