The board of directors of Shemaroo Entertainment Ltd has approved the raising of funds for an aggregate amount of upto Rs 250 Crores (Rupees Two Hundred and Fifty Crores) in one or more tranches, by way of issue of equity shares / preference shares or any other instruments or security including fully / partly convertible debentures or by way of a composite issue of non-convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares or any other eligible securities through qualified institutions placement, private placement / public issue of equity / debt securities, preferential issue or through any other permissible mode and / or combination thereof as may be considered appropriate, subject to such approvals as may be required including the approval of the members at a general meeting or through postal ballot and further subject to such other statutory / regulatory approvals, as applicable.
Shares of Shemaroo Entertainment Ltd was last trading in BSE at Rs.229.15 as compared to the previous close of Rs. 248.3. The total number of shares traded during the day was 884 in over 108 trades.
The stock hit an intraday high of Rs. 245 and intraday low of 225.05. The net turnover during the day was Rs. 206334.