CG Impex to raise Rs 20 crores

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CG Impex to raise Rs 20 crores
CG Impex Ltd has announced that the Board of Directors of the Company at its meeting held on July 22, 2010, inter alia, has decided to raise funds to the tune of Rs. 20,00,00,000 (Rupees Twenty Crore Only) by offering, issuing and allotting convertible warrants on preferential, subject to consent of the members of the Company. The Board also approved draft notice of Extra Ordinary General Meeting of the members of the Company for consent of shareholders of the Company for the increase of authorized share capital and to raise funds to the tune of preferential issues is approved and Secretary / Director or any other person is authorized to issue the notice to the shareholders of the Company. The stock closed the day at Rs.4.77, up by Rs.0.20 or 4.38%. The stock hit an intraday high of Rs.4.95 and low of Rs.4.05. The total traded quantity was 0.29 lakhs compared to 2 week average of 0.17 lakhs.
Source: Equity Bulls
Posted On: 7/23/2010 6:59:04 AM
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