Transport Corporation of India to raise Rs. 100 crores through equity

The Board of Directors of Transport Corporation of India Ltd at its meeting held on July 23, 2014, has in-principally approved the proposal of raising the equity through any possible conductive routine including QIP / PE Funds etc. upto a sum not exceeding Rs. 100 crores in one or more tranches in order to fund its forthcoming capex programme.

Shares of TRANSPORT CORPORATION OF INDIA LTD. was last trading in BSE at Rs.206.65 as compared to the previous close of Rs. 211.5. The total number of shares traded during the day was 22477 in over 1194 trades.

The stock hit an intraday high of Rs. 213.4 and intraday low of 200.05. The net turnover during the day was Rs. 4645821.

Source : Equity Bulls

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