Empower Industries to consider preferential issue on Mar 20, 2010

Empower Industries India Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 20, 2010, to consider and allot the Convertible Equity Warrants on preferential basis to the various Alloottes, who are eligible for the said allotment in pursuance to the resolution passed in the Extra-Ordinary General Meeting of the Company, held on March 09, 2010.

The Board will also consider proposal to appoint New Director on the Board.

The stock was trading at Rs.42.85, up by Rs.2 or 4.90%. The stock hit an intraday high of Rs.42.85 and low of Rs.42.85.

The total traded quantity was 60671 compared to 2 week average of 201629.

Source : Equity Bulls

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