SAAG RR Infra to consider preferential issue on Dec 02, 2010

SAAG RR Infra Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 02, 2010, inter alia, to consider the issue of equity shares on preferential basis to prospective investors.

The Board will also consider approving notice convening an Extra Ordinary General Meeting of the members of the Company, seeking their approval for the proposed issue of shares under Section 81(1A) of the Companies Act, 1956.

The stock closed the day at Rs.33.30, up by Rs.3.20 or 10.63%. The stock hit an intraday high of Rs.34.10 and low of Rs.30.50.

The total traded quantity was 2.26 lakhs compared to 2 week average of 1.36 lakhs.

Source : Equity Bulls

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