Sequel E Routers Board approves raising funds

The Board of Directors of Sequel e-Routers Ltd at its meeting held on March 06, 2014, has decided to raise the fund upto Rs. 20,00,00,000 by way of preferential allotment as may require in section 81(1) (A) of Companies Act, 1956 and SEBl (ICDR) Regulations, 2009.

The Board decided to call an extra ordinary general meeting on April 01, 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.4.97 as compared to the previous close of Rs. 4.74. The total number of shares traded during the day was 3140 in over 6 trades.

The stock hit an intraday high of Rs. 4.97 and intraday low of 4.97. The net turnover during the day was Rs. 15605.

Source : Equity Bulls

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