Ramkrishna Forgings seeks approval to increase borrowing powers

Ramkrishna Forgings Ltd has announced that the Board of Directors of the Company at its meeting held on April 21, 2007 has been given approval, subject to the approval of the members in the general meeting, to increase the borrowing powers of the Company to Rs 450 Crores to fund the various activities of the Company including for acquisition of Companies which will enable organic and inorganic growth for the Company and expand the business operations of the Company.

The stock closed the day at Rs.143.50, up by Rs.1.85 or 1.31%. The stock hit an intraday high of Rs.146 and low of Rs.125.50. The total traded quantity was 6508 shares compared to 2 week average of 15728.

Source : Equity Bulls

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