Pix Transmissions to consider conversion of preference shares on Aug 17, 2010

Pix Transmissions Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 17, 2010, to consider the conversion of existing 1117110 6% Redeemable Cumulative Preference shares of Rs. 100/- each into 6% Cumulative Convertible Preference shares of Rs. 100/- each and to fix the date of convening Extra-ordinary General Meeting of the members of Company to get approval for the said issue.

The stock was trading at Rs.91, down by Rs.4.75 or 4.96%. The stock hit an intraday high of Rs.96.50 and low of Rs.91.

The total traded quantity was 0.16 lakhs compared to 2 week average of 1.63 lakhs.

Source : Equity Bulls

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