AGM going to happen today company board will consider allotment of shares to Spice Refineries Pvt. Ltd. in terms of Special resolution passed by the members under Section 81(1A)of the Companies Act, 1956.If it happens promoter group now having only 0.11% of total equity will be increased to nearly 2.5%.Public stake will go down from 99.89 to around 97.5 % .
Stock trading in discount to face value by 65%, and Haldia Project moving slowly towards completion on 2011 last quarter, more this type of development can me seen in this counter.
Note:We already given BUY call in this counter at all lower levels.
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