Mandhana Industries Ltd to raise upto Rs. 300 crores

The Board of Directors of Mandhana Industries Ltd at its meeting held on August 05, 2014, has approved the enabling resolution for raising of funds by way of Qualified Institutions Placement (QIP) / External Commercial Borrowings (ECBS) with Rights of Conversion into Shares/ Foreign Currency Convertible Bonds (FCCBS) / American Depository Receipts (ADRS) / Global Depository Receipts (GDRS) / Follow-On Public Offer (FPO) / Composite Issue for an aggregate amount not exceeding Rs. 300 Crores subject to approval of the shareholders.

The Board approved the appointment of Mrs. Sangeeta Mandhana as Additional Director with immediate effect.

Shares of Mandhana Industries Ltd was last trading in BSE at Rs.237 as compared to the previous close of Rs. 238.6. The total number of shares traded during the day was 31640 in over 1277 trades.

The stock hit an intraday high of Rs. 237.95 and intraday low of 234. The net turnover during the day was Rs. 7455797.

Source : Equity Bulls

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