Ace India to consider preferential issue on Feb 22, 2010

Ace India Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 22, 2010, inter alia, to discuss and approve the Change of Management of the Company and other connected matters.

The Board will consider Preferential Issue of Equity shares, warrants or any other security and other connected matters.

The aforesaid matters would be discuss by the Board, if board approve then matters, would be subject to further approval of the Shareholders and other competent authorities, if any.

The stock was trading at Rs.9.90, up by Rs.0.40 or 4.21%. The stock hit an intraday high of Rs.9.97 and low of Rs.9.50.

The total traded quantity was 5750 compared to 2 week average of 14559.

Source : Equity Bulls

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