Helios and Matheson Information Technology Ltd to consider raising long term funds

A meeting of the Board of Directors of Helios and Matheson Information Technology Ltd will be held on July 25, 2014, to consider raising of long term funds through issue of FCCBs, GDRs and issue of equity related securities to Qualified Institutional Buyers in accordance with existing statutory guidelines and increase of authorized share capital (and consequent amendment to Memorandum and Articles of Association), subject to approval of members to be obtained through postal ballot exercise.

The Trading Window for dealing in the shares of the Company by the directors and employees shall remain closed during the period from July 21, 2014 to July 26 2014 (both days inclusive). Accordingly, all the Directors and Employees of the Company have been advised not to trade in shares of the Company during the period of closure of Trading Window as stated above.

Shares of HELIOS & MATHESON INFORMATION TECHNOLOGY LTD.-$ was last trading in BSE at Rs.87.15 as compared to the previous close of Rs. 84.95. The total number of shares traded during the day was 37633 in over 1271 trades.

The stock hit an intraday high of Rs. 88 and intraday low of 85.1. The net turnover during the day was Rs. 3263393.

Source : Equity Bulls

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