GTN Industries to consider allotment of 60 lakh sahres

GTN Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 10, 2010, inter alia, to consider the allotment of 60,00,000 equity shares of Rs. 10/- each with premium of Rs. 2.50 per share on preferential basis to M/s. JEL Finance and Investments Ltd. and GTN Engineering (India) Ltd.

The stock was trading at Rs.15.95, down by Rs.0.60 or 3.63%. The stock hit an intraday high of Rs.15.95 and low of Rs.15.95.

The total traded quantity was 50 compared to 2 week average of 1967.

Source : Equity Bulls

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