Vulcan Engineers to consider preferential issue to SIMEST

A meeting of the Board of Directors of Vulcan Engineers Ltd will be held on October 10, 2011, to consider issue and allotment of 13,10,000 equity shares of Rs. 10/- each at a premium of Rs. 36.50 per equity share to SIMEST on preferential allotment basis.

The stock was trading at Rs.27.85, up by Rs.1.05 or 3.92%. The stock hit an intraday high of Rs.29 and low of Rs.26.25.

The total traded quantity was 1400 compared to 2 week average of 2767.

Source : Equity Bulls

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