Usher Eco Power files DRHP for IPO

Usher Eco Power Limited, a subsidiary of Usher Agro Limited is proposing a public issue of equity shares and has filed the Draft Red Herring Prospectus dated February 02, 2012 ("DRHP") with the SEBI on February 03, 2012 subject to (a) approval of the Securities and Exchange Board of India, ("SEBI") and other relevant regulatory and statutory authorities; (b) market conditions and other considerations.

The Usher Agro Ltd stock was trading at Rs.51.30, down by Rs.0.20 or 0.39%. The stock hit an intraday high of Rs.52.10 and low of Rs.51.10.

The total traded quantity was 0.60 lakhs compared to 2 week average of 1.19 lakhs.

Source : Equity Bulls

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