Maruti Infrastructure approves preferential issue

Maruti Infrastructure Ltd has announced that the Board of Directors of the Company at its meeting held on August 10, 2010, inter alia, has considered further issue of 3000000 Equity Shares to the Promoter of the Company on Preferential Basis under Chapter VII of the Securities And Exchange Board of India (Issue of Capital and Disclosure Requirements Regulations 2009.

The Board approved calling of Extra - Ordinary General Meeting on September 09, 2010 for the approval of the members for further issue of shares on Preferential Basis.

The stock closed the day at Rs.9.84, up by Rs.0.45 or 4.79%. The stock hit an intraday high of Rs.9.84 and low of Rs.8.50.

The total traded quantity was 2582 compared to 2 week average of 3035.

Source : Equity Bulls

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