Vikas Globalone to consider preferential issue

Vikas GlobalOne Ltd has announced that the Board of Directors of the Company at its meeting held on July 31, 2010, inter alia, has approved the issue of warrants/shares on preferential basis to the persons belonging to promoter/non-promoter group.

The Board also approved credit facilities availed from Oriental Bank of Commerce and ICICI Bank Ltd.

The stock closed the day at Rs.28.50, down by Rs.1.25 or 4.20%. The stock hit an intraday high of Rs.30 and low of Rs.28.30.

The total traded quantity was 550 compared to 2 week average of 20174.

Source : Equity Bulls

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