Thursday, April 2, 2009

Special situation 2 Apr 09

Bhagyanagar India Board to consider Buy Back of Shares

Bhagyanagar India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 09, 2009, inter alia, to consider the proposal of Buy Back of Equity Shares of the Company u/s. 77A of the Companies Act, 1956.


Current price INR 18.95
52wk low INR 9 (2 Dec 08)
Mcap 141 cr
Business : Bhagyanagar India Limited, formerly Bhagyanagar Metals Limited, is engaged in business streams, such as copper products, jelly filled cables (JFTC), real estate and infrastructure and generation of non-conventional energy. It is engaged in the manufacture of copper rods copper tubes, copper pipes, paper covered copper strips copper sheets, annealed bare copper strips, paper insulated copper conductors and insulated copper coils (field coils). Its JFTC division manufactures cables from a range of 5 pairs to 800 pairs.

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