Bhushan Steel allots Redeemable Cumulative Preference Shares

Bhushan Steel Ltd has announced that the Committee of the Board of Directors for Preference Shares - Series II of the Company at their meeting held on March 31, 2010 has allotted 2333500 nos. 10% Redeemable Cumulative Preference Shares and consequent upon this allotment the paid-up capital of the Company has been increased by Rs. 2333.50 lacs.

The stock closed the day at Rs.1679.65, up by Rs.3 or 0.18%. The stock hit an intraday high of Rs.1698 and low of Rs.1667.10.

The total traded quantity was 70189 compared to 2 week average of 68366.

Source : Equity Bulls

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