Sakuma Exports allots 24 lakhs Equity Shares on Preferential basis

Sakuma Exports Ltd has announced that the shareholders of the Company had at the Extra Ordinary General Meeting held on November 22, 2010 had approved (by passing special resolution) the issue of equity shares as aforesaid on preferential basis in terms of ICDR (Regulations), 2009.

The proposed investor M/s. Sinarmas Chemicals Pvt. Ltd. has conveyed to the Company that he is withdrawing his proposal for investment in the preferential issue of 24,00,000 equity shares due to current uncertainty.

Accordingly, the Company is withdrawing the proposal for preferential issue of 24,00,000 equity shares in terms of the above referred special resolution.

The stock was trading at Rs.17.90, up by Rs.0.60 or 3.47%. The stock hit an intraday high of Rs.18.50 and low of Rs.17.90.

The total traded quantity was 5300 compared to 2 week average of 3591.

Source : Equity Bulls

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