HSIL Ltd seeks shareholders nod for increase in FII limit

The Board of Directors of HSIL Ltd at its meeting held on January 15, 2015, has approved the Postal Ballot notice for seeking consent of the Members for (1) increase in present limit of Foreign Institutional Investors (FIIs) shareholding in the Company to 40% (Forty per cent) of paid up equity share capital of the Company in accordance with applicable laws and (2) increase in present limit of Non Resident Indians (NRIs) shareholding in the company to 5% (Five cent) of paid up equity share capital of the Comply in accordance with applicable laws.

The voting shall be reckoned in proportion to the shares held by a Member in the paid up equity share capital of the Company as on January 23, 2015 i.e. cut off date.

Shares of HSIL LTD. was last trading in BSE at Rs.415.4 as compared to the previous close of Rs. 412. The total number of shares traded during the day was 284043 in over 14635 trades.

The stock hit an intraday high of Rs. 439 and intraday low of 413.55. The net turnover during the day was Rs. 121021292.

Source : Equity Bulls

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