Shriram Epc to raise Rs. 300 crore through debenture, preference shares

The Board of Directors ("Board") of Shriram EPC Ltd has approved the fund raising proposal in the meeting held on August 29, 2013, subject to approval of the Shareholders of the Company and other regulatory authorities.

The company has proposed for an issue of Optionally Convertible Debentures of Rs. 100 crores and an issue of Cumulative Redeemable Preference Shares of Rs. 200 crores.

Shares of Shriram EPC Ltd was last trading in BSE at Rs.37.10, down by Rs.0.45 or 1.20%. The stock hit an intraday high of Rs.38 and low of Rs.37.05.

The total traded quantity was 405 compared to 2 week average of 2315.

Source : Equity Bulls

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