Jaypee Infratech to consider fund raising on March 14, 2012

A meeting of the Board of Directors of Jaypee Infratech Ltd will be held on March 14, 2012, to consider raising of funds/resources through equity/debt/equity related instruments with various Domestic/International options including QIP/ECBs/FCCBs/ADRs/GDRs/FPO/Optionally or Compulsorily Convertible Redeemable Preference Shares, etc. for the Company's project.

The Jaypee Infratech Ltd stock was trading at Rs.47.75, up by Rs.2.90 or 6.47%. The stock hit an intraday high of Rs.49.80 and low of Rs.46.

The total traded quantity was 3.99 lakhs compared to 2 week average of 2.15 lakhs.

Source : Equity Bulls

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