Majesco Ltd drops QIP Issue upto Rs. 250 Crores

Due to the prevailing adverse market conditions, Majesco Ltd has decided not to pursue the proposed capital raising program through a Qualified Institutional Placement until the situation stabilizes.

Shares of Majesco LTD. was last trading in BSE at Rs.484.05 as compared to the previous close of Rs.465.60. The total number of shares traded during the day was 109014 and the deliverable quantity was 31304.

The stock hit an intraday high of Rs.493 and intraday low of 474.

Source : Equity Bulls

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