Elder Pharmaceuticals to raise US$ 50 million through FCCB Issue

Elder Pharmaceuticals Ltd has announced that the Board of Directors of the Company at its meeting held on April 24, 2007, inter alia, has considered and gave its in principle approval to the FCCB issue of upto USD 50 million.

The stock was trading at Rs.413.15, up by Rs.7.75 or 1.91%. The stock hit an intraday high of Rs.417 and low of Rs.405. The total traded quantity was 9958 compared to 2 week average of 4275.

Source : Equity Bulls

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