FCS Software Solutions Ltd has announced that the Board of Directors of the Company at its meeting held on October 14, 2009, inter alia, have decided to open the issue of Global Depository Receipts (GDR) and the price for the underlying Equity Shares is fixed as per the amended norms given by the Ministry of Finance, SEBI.
The Board also decided to fix the ratio of 1:10 for GDR to Equity shares i.e. for every 1 GDR 10 New Equity Shares (Post Sub-division) will be issued on conversion of GDR.
The stock was trading at Rs.128.60, up by Rs.3.35 or 2.67%. The stock hit an intraday high of Rs.132.50 and low of Rs.127.
The total traded quantity was 801834 compared to 2 week average of 1270914.
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