HCL Infosystems Limited Board approves rights issue of Rs. 500 crore

The board of directors (the 'Board') of HCL Infosystems Limited (the 'Company') in its meeting held today i.e., 29th August, 2017 has considered and approved the recommendations of its Capital Raising Committee to go for a rights issue of shares to existing shareholders of the Company as a mode of raising equity capital aggregating up to Rs. 500 crores.

The Capital Raising Committee was formed pursuant to resolution dated 3rd July, 2017 passed by the Board, wherein the Board constituted a Capital Raising Committee to evaluate capital raising alternatives/options and give a final recommendation to the Board for its approval.

Shares of HCL INFOSYSTEMS LTD. was last trading in BSE at Rs.47.8 as compared to the previous close of Rs. 47. The total number of shares traded during the day was 1678517 in over 6696 trades.

The stock hit an intraday high of Rs. 50.15 and intraday low of 47.45. The net turnover during the day was Rs. 81590358.

Source : Equity Bulls

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