Choice International to consider preferential issue on Apr 08, 2010

Choice International Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 08, 2010, inter alia, to consider the purchase of eight storied independent building with the intended use as Group Corporate Office at Near J. B. Nagar, Andheri (East), Mumbai.

The Board will consider the proposal for preferential allotment of warrants convertible into equity shares of the Company and commensurate to increase the authorized capital of the Company and fix time, date and venue for the Extra Ordinary General Meeting of the Company and notice of the Extra Ordinary General Meeting.

Mr. Arihant Pamecha has resigned from Directorship with effect from March 26, 2010 and the Board will take the same on record.

The Board will also review the development of subsidiary Companies and take the same on record.

The stock closed the day at Rs.85.35, down by Rs.1.05 or 1.22%. The stock hit an intraday high of Rs.89.90 and low of Rs.82.10.

The total traded quantity was 28057 compared to 2 week average of 189193.

Source : Equity Bulls

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