Aegis Logistics approves forfeiture of 29687 shares

Aegis Logistics Ltd has announced that the Board of Directors of the Company at its meeting held on October 07, 2010, inter alia, has approved forfeiture of 29687 equity shares.

As intimated earlier that the Board of Directors in its meeting held on September 01, 2010, had approved raising funds upto Rs. 100 crores by means of Preferential Allotment / Qualified Institutional Placement of Equity Shares. The Board in its meeting held on October 07, 2010 has approved the inclusion of other available options for fund raising through Preferential Allotment / Qualified Institutional Placement / Convertible instruments including but not limited to compulsorily convertible debentures / compulsorily convertible preference shares / FCCB / warrants or any other instruments convertible into equity shares subject to approval of approval of members and shareholders.

The stock closed the day at Rs.362.25, up by Rs.3.40 or 0.95%. The stock hit an intraday high of Rs.371 and low of Rs.357.50.

The total traded quantity was 1.84 lakhs compared to 2 week average of 3.19 lakhs.

Source : Equity Bulls

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