Indo Count Industries Ltd to consider fund raising on May 07, 2016

At the Board Meeting of Indo Count Industries Ltd scheduled to be held on May 07, 2016, the Board shall also consider and approve raising funds through the issuance of equity shares by way of a Qualified Institutions Placement, and / or Rights Issue and / or a Public Issue and / or Global Depository Receipts and / or American Depository Receipts and / or Foreign Currency Convertible Bonds and / or fully convertible debentures and / or partly convertible debentures and / or optionally convertible debentures and / or non-convertible debentures with warrants and / or debentures and / or other securities convertible into equity shares as may be deemed appropriate by the Board. Further, the Board shall also consider approval of a postal ballot notice for obtaining shareholders' approval for passing an enabling special resolution for the above-mentioned fund raising.

As intimated in letter dated April 29, 2016, the trading window for dealing in the securities of the Company is closed for the Company's Directors and designated employees of the Company from April 30, 2016 to May 09, 2016 (both days inclusive).

Shares of INDO COUNT INDUSTRIES LTD. was last trading in BSE at Rs.948.9 as compared to the previous close of Rs. 1059.6. The total number of shares traded during the day was 31721 in over 4483 trades.

The stock hit an intraday high of Rs. 1078.95 and intraday low of 940. The net turnover during the day was Rs. 31020880.

Source : Equity Bulls

Keywords