The promoters in the board meet have decided to raise capital by alloting preferrence shares. Who will buy the shares? Well, the promoter's themselves!!!
After the purchase the promoter's stake will get raised to over 35%, which is a kind of assurance to an investor like me. The results for Q1 2011 are supposed to be announced on Aug 14, 2010. If the results beat expectations, the stock will rally again.
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