Beckons Industries to consider preferential issue to Jilani International

Beckons Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 26, 2010, to discuss and decide the Issue of Equity Shares on preferential basis to Foreign Investor i.e. M/s. Jilani International at premium.

The Company has already signed an agreement with Jilani International, Hongkong for transfer of its Algae Technology to south asian countries covering the countries like China, Taiwan, Hongkong, Singapore and British Indian Ocean territory etc.

The stock was trading at Rs.7.60, down by Rs.0.19 or 2.44%. The stock hit an intraday high of Rs.8.20 and low of Rs.7.54.

The total traded quantity was 438766 compared to 2 week average of 685878.

Source : Equity Bulls

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