Dagger Forst fixes Record Date for right issue

Dagger Forst Tools Ltd has announced that July 06, 2007 has been fixed as the Record Date for the purpose of entitlement for subscription of Rights Equity Shares of the Company. 33,24,954 Equity Shares of Rs 10/- each for cash at a premium of Rs 23/- per share (i.e. at a price of Rs 33/- per share) aggregating to Rs 1,097.23 lacs are being offered for subscription in the ratio of 5 equity shares for every 7 equity shares held as on Record Date.

The stock was trading at Rs.64.25, up by Rs.3.05 or 4.98%. The stock hit an intraday high of Rs.64.25 and low of Rs.63. The total traded quantity was 16087 compared to 2 week average of 13585.

Source : Equity Bulls

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