JMD Telefilms to consider preferential issue on Aug 17, 2010

JMD Telefilms Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on will be held on August 17, 2010, inter alia, to consider proposal to raise further Capital by way of Issue of Equity Share Warrants on Preferential basis to Promoters & Non Promoters.

The Board will also consider proposal to Increase Authorized Capital and to update Memorandum & Articles of Association.

The stock was trading at Rs.125.75, down by Rs.0.25 or 0.20%. The stock hit an intraday high of Rs.125.75 and low of Rs.123.25.

The total traded quantity was 0.87 lakhs compared to 2 week average of 5.49 lakhs.

Source : Equity Bulls

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