Capital Trust Ltd has announced that the Board of Directors of the Company at its meeting held on January 22, 2010, inter alia, considered, subject to the approval of Shareholders, to alter the Object Clause III (A) of the Memorandum of Association of the Company by inserting new Clause to undertake the Business of Micro Finance.
Further the Company has informed that, Board of Directors also considered to increase the Borrowing of the Company exceeds the aggregate of Paid-up Capital & Free Reserve upto the maximum limit of Rs. 200 Crores, subject to the approval of Shareholders, for the expansion of its new Micro-Finance Business.
The stock was trading at Rs.38.35, up by Rs.1.80 or 4.92%. The stock hit an intraday high of Rs.38.35 and low of Rs.38.30.
The total traded quantity was 4655 compared to 2 week average of 8853.
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Union Budget