Anand Credit postpones allotment of shares

Anand Credit Ltd has announced that the Board of Directors of the Company at its meeting held on January 30, 2010, has decided to postpone the allotment of equity shares on preferential basis and the increase of authorised share capital of the Company.

Board has also decided to look out for the various sources to raise funds for expansion plans for business of the Company and to discuss the same in the next Board Meeting.

The stock was trading at Rs.55, down by Rs.0.45 or 0.81%. The stock hit an intraday high of Rs.57 and low of Rs.53.60.

The total traded quantity was 11800 compared to 2 week average of 422900.

Source : Equity Bulls

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