Mandhana Industries Ltd to consider QIP issue

A meeting of the Board of Directors of Mandhana Industries Ltd will be held on August 05, 2014, to consider and approve the Unaudited Financial Results for the first quarter ended June 30, 2014.

The Board will also consider raising of funds by way of Qualified Institutions Placement (QIP)/ External Commercial Borrowings (ECBS) with Rights of Conversion into Shares/ Foreign Currency Convertible Bonds (FCCBS)/ American Depository Receipts (ADRS)/ Global Depository Receipts (GDRS)/ Follow-On Public Offer (FPO)/ Composite Issue subject to the approval of the shareholders at Annual General Meeting.

Shares of Mandhana Industries Ltd was last trading in BSE at Rs.236.1 as compared to the previous close of Rs. 235.5. The total number of shares traded during the day was 16824 in over 275 trades.

The stock hit an intraday high of Rs. 241.25 and intraday low of 236.1. The net turnover during the day was Rs. 3993182.

Source : Equity Bulls

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