Yuvraaj Hygiene Products Ltd to raise Rs. 6.5 crores

The Board of Directors of Yuvraaj Hygiene Products Ltd at its meeting held on July 25, 2014, has considered and approved to raise funds upto Rs. 6.5 crores by offering and issue of 1 (One) Crore Warrants carrying an option/entitlement to subscribe for equivalent number of Equity Shares of Re. 1/- each at such price as may be determined as per the provisions of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 on preferential basis to the persons other than promoter group to meet long term financial and working capital requirements, subject to the approval of the shareholders of the Company in the ensuing Annual General Meeting of the Company under Section 62(l)(c) of the Companies Act, 2013.

Shares of YUVRAAJ HYGIENE PRODUCTS LTD. was last trading in BSE at Rs.6.32 as compared to the previous close of Rs. 6.02. The total number of shares traded during the day was 11900 in over 101 trades.

The stock hit an intraday high of Rs. 6.32 and intraday low of 5.72. The net turnover during the day was Rs. 71424.

Source : Equity Bulls

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