Finance Update

Indiabulls Integrated Services gains 5% on preference shares redemption

Posted on Author Prakash Poojary Comment(0)

Indiabulls Integrated Services was quoting Rs 307.65, up 5 percent on the BSE on March 29.

Last Updated : Mar 29, 2019 03:13 PM IST | Source: Moneycontrol.com

Shares of Indiabulls Integrated Services gained 5 percent intraday on March 29 after the redemption of preference shares and appointment of a new Independent Director.

The company in its BSE release said that Praveen Kumar Tripathi, a retired IAS and Ex-Chief Secretary, Govt of NCT Delhi has been appointed as an Independent Director for a period of three years.

Indiabulls also announced the redemption of all Redeemable Non-Convertible preference shares.

The share touched its 52-week high of Rs 785 and 52-week low of Rs 200.70 on 11 September 2018 and 2 April 2018, respectively.

At 1442 hrs, Indiabulls Integrated Services was quoting Rs 307.65, up 5 percent on the BSE.

Source

– TFMNews

Read more Business News

Prakash Poojary
Business Analyst

Related Articles
Finance Update

Cathay Pacific Airways profit beating expectations; HK$2.3 billion ($293.05 million) for 2018

Posted on Author The Future Markets

Cathay Pacific Airways sees 2018 profit beating expectations, shares surge Shares surged by as much as 6.6 percent to their highest level since June 2018 after the market reopened for the post-lunch session. (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on February 20 it expected to swing to an annual profit of about […]
Finance Update

Gold: Outlook: Gold eyes next pit stop at Rs 32,300

Posted on Author Prakash Poojary

NEW DELHI: Potential US recession clouds loomed over bullion on Wednesday, which is headed for some turbulence. However, dollar’s rise slammed brakes on the gold’s upside. Meanwhile, oil prices gathered steam after the previous session’s rise, but gains were limited amid growing fears over the impact of a global economic slowdown on demand, Reuters said. […]
Finance Update World News

Warren Buffett’s company Berkshire Hathaway Inc. reported a $25 billion loss in the Q4

Posted on Author The Future Markets

Warren Buffett’s firm Berkshire Hathaway Inc reports $25B Q4 loss on paper stock losses Biggest drop in value of investments was a $3b write off on Kraft Heinz stake. In the annual report to shareholders released over the weekend, Warren Buffett highlighted that he had struggled to find attractive acquisitions in the recent past. TFM […]

Leave a Reply