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

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Prakash Poojary
Business Analyst

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