Bartronics India increased more than 3pct

Bartronics India increased more than 3pct, hitting the day’s high of Rs 48.30, after the firm’s board accepted further issue of equity share on preferential basis to non-promoter group to the amount of Rs 4 cr.

Bartronics India mentioned that further issue of equity share on preferential basis to non-promoter group is subject to authorization of the firm’s shareholders at the ensuing following annual general meeting. If one assumes that the preferential issue is costed ended to the ruling market rate, it will result in equity dilution of 2.45pct.

On a combined basis, Bartronics India’s net gain raised 37.1pct to Rs 30.87 cr on 61.2pct rise in Gross sales to Rs 262.32 cr in 1st qtr June 2011 over 1st qtr June 2010.

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