Maral Overseas allots 4 lakh CRPS

Maral Overseas Ltd has announced that pursuant to approval accorded by Shareholders at their 20th Annual General Meeting held on December 23, 2009, the Board of Directors in their meeting held on October 25, 2010, have allotted 4,00,000, 3% Cumulative Redeemable Preference Shares of Rs. 100/- each to persons falling under category promoter and promoter group.

The stock closed the day at Rs.24.50, up by Rs.1.05 or 4.48%. The stock hit an intraday high of Rs.25.25 and low of Rs.24.

The total traded quantity was 1.09 lakhs compared to 2 week average of 0.61 lakhs.

Source : Equity Bulls

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