Sequel E Routers to raise funds

The Board of Directors of Sequel e-Routers Ltd at its meeting held on January 17, 2014, has decided to raise the fund upto Rs. 10,00,00,000 by way of preferential allotment as may require in section 81 (1) (A) of Companies Act, 1956 and SEBI (ICDR) Regulations, 2009.

The Board approved proposal to call an extra ordinary general meeting on February 11, 2014 at 12.30 p.m. at the registered office of the Company for the approval of above and other related businesses.

Shares of Sequel e-Routers Ltd was last trading in BSE at Rs.2.45, down by Rs.0.12 or 4.67%. The stock hit an intraday high of Rs.2.45 and intraday low of Rs.2.45.

The total traded quantity was 100 shares as compared to 2 week average of 100 shares.

Source : Equity Bulls

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