ITD Cementation India Ltd to raise Rs. 350 crores

The Board of ITD Cementation India Ltd, at its Meeting held on 12th October, 2017, has approved obtaining approval of Shareholders through Postal Ballot for raising of funds by way of issue of equity shares or financial instruments convertible into equity shares including warrants or securities convertible into equity shares in one or more tranches to institutions, corporate bodies, mutual funds, individuals, pension funds and / or any other category of investors (investors), as may be permitted through Private Placement or Qualified Institutional Placement (QIP) or on preferential allotment basis or any combination thereof or any other method upto an amount not exceeding Rs.350 crore (Rupees Three Hundred and Fifty Crore only ).

Shares of ITD CEMENTATION INDIA LTD. was last trading in BSE at Rs.170.7 as compared to the previous close of Rs. 168.8. The total number of shares traded during the day was 14478 in over 312 trades.

The stock hit an intraday high of Rs. 172.8 and intraday low of 169. The net turnover during the day was Rs. 2474935.

Source : Equity Bulls

Keywords