Polytex India to consider preferential issue on Feb 09, 2010

Polytex India Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 09, 2010, inter alia, to consider the proposal for issuance of Equity Shares / Warrant convertible in to Equity Shares on Preferential basis to the Promoters and to the Investors in terms of SEBI D.I.P. Guidelines Chapter XIII.

The stock was trading at Rs.5.58, up by Rs.0.26 or 4.89%. The stock hit an intraday high of Rs.5.58 and low of Rs.5.58.

The total traded quantity was 10000 compared to 2 week average of 42500.

Source : Equity Bulls

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