Sarda Energy & Minerals to consider preferential issue on Dec 04, 2010

Sarda Energy & Minerals Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 04, 2010, inter alia, to consider and decide on issuance of equity shares of the Company on preferential basis to investors, in compliance with the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended till date.

The stock closed the day at Rs.330.85, up by Rs.8.80 or 2.73%. The stock hit an intraday high of Rs.339 and low of Rs.321.15.

The total traded quantity was 0.83 lakhs compared to 2 week average of 1.65 lakhs.

Source : Equity Bulls

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