Simbhaoli Sugars to consider preferential issue on Oct 22, 2010

Simbhaoli Sugars Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 22, 2010, inter alia, to consider the issue of equity shares and/or warrants on preferential basis under the provisions of chapter VII of the SEBI (Issue of Capital & Disclosure Requirement) Regulations, 2009 for preferential Issue.

The stock was trading at Rs.43.60, up by Rs.1.95 or 4.68%. The stock hit an intraday high of Rs.44.40 and low of Rs.40.75.

The total traded quantity was 0.99 lakhs compared to 2 week average of 0.32 lakhs.

Source : Equity Bulls

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