Moldtek Technologies to consider preferential issue on Mar 31, 2010

Mold Tek Technologies Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 31, 2010, inter alia, to consider and take on record the prefential issue of shares, subject to receipt of in-principle approval from Stock Exchange.

The Board will consider issue of 1,80,000 Equity Shares of Mold-Tek Plastics Ltd @ Rs. 75/- (Comprising nominal value of Rs. 10/- and Premium of Rs. 65/-) per Equity Shares by way of Conversion of Unsecured Loan into Equity.

The Board will consider issue of 1,31,624 Equity Shares to RMM Global LLC @ Rs. 75/- (Comprising nominal value of Rs. 10/- and Premium of Rs. 65/-) per Equity Shares for consideration other than cash.

The Board will consider issue of 13,333 Equity Shares to Technet Engineering Services Pvt. Ltd @ Rs. 75/- (Comprising nominal value of Rs. 10/- and Premium of Rs. 65/-) per Equity Shares for consideration other than cash.

The stock was trading at Rs.65.50, up by Rs.1.75 or 2.75%. The stock hit an intraday high of Rs.66.90 and low of Rs.64.

The total traded quantity was 25167 compared to 2 week average of 11678.

Source : Equity Bulls

Keywords