Shree Global Tradefin to raise resources

Shree Global Tradefin Ltd has announced that the Board of Directors of the Company at its meeting held on April 23, 2010 inter alia, has decided to raise resources by issue of 32 million Non Cumulative Redeemable Preference Shares of Rs. 100/- each on preferential basis subject to shareholders and other necessary approvals and to Increase Authorised Share Capital of the Company. The Company has decided to convene a meeting of shareholders on May 18, 2010 to approve the Issue of aforesaid preference shares and consequential amendments in the Authorised Share Capital Clauses of the Memorandum and Articles of Association of the Company.

The stock closed the day at Rs.258.25, down by Rs.0.25 or 0.10%. The stock hit an intraday high of Rs.262.90 and low of Rs.255.30.

The total traded quantity was 14557 compared to 2 week average of 25483.

Source : Equity Bulls

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