Whirlpool of India to redeem NCCPS

Whirlpool of India Ltd has announced that the Board of Directors of the Company at its meeting held on July 19, 2010, inter alia, noted and approved July 19, 2010 as record date fixed for redemption of 4,34,92,500 10% Redeemable Non-Convertible Cumulative Preference Shares along with pro rata dividend till the date of redemption, to be paid to those shareholders who are the beneficial owner of such shares on the record date and such payment be made on or before July 31, 2010.

The stock closed the day at Rs.278.20, down by Rs.14.60 or 4.99%. The stock hit an intraday high of Rs.301 and low of Rs.278.20.

The total traded quantity was 48883 compared to 2 week average of 44805.

Source : Equity Bulls

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