Dynamatic Technologies Ltd approves QIP

The Board of Directors of Dynamatic Technologies Ltd at its meetings held on September 08, 2014, have approved the issue of equity shares by way of Qualified Institutional Placement (QIP) and / or Preferential Allotment ('PA') and in this regard, have authorized Finance Committee of the Board to do all necessary, acts, deeds and things as may be required to give effect to the QIP / PA including but not limited to deciding the terms of offer, the size of offer, pricing, deciding the Relevant Date, the date / time and venue of Extraordinary General Meeting etc.

Shares of DYNAMATIC TECHNOLOGIES LTD. was last trading in BSE at Rs.1850 as compared to the previous close of Rs. 1809.95. The total number of shares traded during the day was 1605 in over 102 trades.

The stock hit an intraday high of Rs. 1870 and intraday low of 1780.5. The net turnover during the day was Rs. 2963012.

Source : Equity Bulls

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