Godrej Industries fixes QIP price band at Rs.210 to Rs.235

The Securities Issuance Committee of the Board of Directors of Godrej Industries Ltd has by a resolution dated July 21, 2012 fixed the price band at Rs. 210/- to Rs. 235/- per equity share for the proposed issue of up to 1,56,66,734 equity shares of Re. 1/- each of the Company with a right, to allot up to 15,66,673 additional equity shares in case of over subscription, under the provision of Chapter Vlll-A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, to qualified institutional buyers (the "Issue"). The Issue opens and closes on July 24, 2012.

The Godrej Industries Ltd stock was trading at Rs.233.95, down by Rs.12.05 or 4.90%. The stock hit an intraday high of Rs.242.25 and low of Rs.233.

The total traded quantity was 0.57 lakhs compared to 2 week average of 0.71 lakhs.

Source : Equity Bulls

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