Prism Informatics to consider preferential issue on Mar 12, 2010

Prism Informatics Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 12, 2010, to consider the proposal for preferential issue of 7,00,000, 10% Compulsorily Convertible Debentures (CCDs) of Rs. 100/- each at par, subject to the approval of members of the Company.

At the aforesaid Board meeting, the Board of Directors shall also decide the date, time and venue of the Extra Ordinary General Meeting of the Company for seeking approval of members under Section 81(1A) of the Companies Act, 1956 for the aforesaid preferential issue of CCDs.

The stock was trading at Rs.14.91, up by Rs.0.71 or 5%. The stock hit an intraday high of Rs.14.91 and low of Rs.14.91.

The total traded quantity was 1 compared to 2 week average of 1.

Source : Equity Bulls

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