Dujodwala Paper Chemicals to issue 308000 shares to Promoter Group

Dujodwala Paper Chemicals Ltd has announced that the Board of Directors of the Company at its meeting held on August 30, 2010, has decided to issue 3,08,000 Equity Shares of Rs. 10/- each to 'Blue Orange Entertainment Pvt. Ltd.' (a Company falls under Promoter Group), through a preferential offer on a private placement basis at a price not less than the minimum price as may be determined in accordance with the Guidelines for Preferential issues contained in, chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 with respect to the 'Relevant date' i.e. August 31, 2010, which is 30 days prior to the date of the Annual General Meeting to be held on September 30, 2010.

The stock was trading at Rs.18, up by Rs.0.15 or 0.84%. The stock hit an intraday high of Rs.18.10 and low of Rs.18.

The total traded quantity was 3000 compared to 2 week average of 9077.

Source : Equity Bulls

Keywords