GV Films raises funds through issue of GDRs

GV Films Ltd has announced that the Committee of Board of Directors of the Company at its meeting held on April 27, 2007, has approved the allotment of 64,00,000 GDRs of US$ 6.25 each amounting to US $ 40 million representing 16,00,00,000 Equity shares of Rs 10 each issued at the price of Rs 10.80 per share.

The stock closed on Friday at Rs.7.94, down by Rs.0.06 or 0.75%. The total traded quantity was 3618826 compared to 2 week average of 6028986. The stock hit an intraday high of Rs.8.10 and low of Rs.7.65.

Source : Equity Bulls

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