Gayatri Projects to consider NCD issue on Oct 21, 2010

Gayatri Projects Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 21, 2010, inter alia, to consider the issue of Non-Convertible Debentures.

The Board will approve the notice of the postal ballot / Extra-Ordinary General Meeting for Increase of Authorised Capital and issue of Corporate guarantee its subsidiary Company U/s. 372A of the Companies Act, 1956.

The stock closed the day at Rs.400.70, down by Rs.1.90 or 0.47%. The stock hit an intraday high of Rs.416 and low of Rs.396.50.

The total traded quantity was 0.18 lakhs compared to 2 week average of 0.31 lakhs.

Source : Equity Bulls

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